Securities and Exchange Board of India (SEBI) grants final approval to ASK Asset & Wealth Management Group to operate as mutual fund investment manager.

Exam-focused facts from the 21 February 2026 current affairs briefing.

Key facts

Securities and Exchange Board of India (SEBI) has given final regulatory nod to ASK Asset & Wealth Management Group to commence operations as investment manager for its mutual fund business in India.
ASK Asset & Wealth Management Group secured in-principle clearance from SEBI in March 2025 to enter the mutual fund space.
The firm will offer active equity, passive strategies, hybrid, and fixed-income products.
ASK Mutual Fund will cater to retail investors, long-term savers, HNIs and institutional participants.
ASK has over four decades of experience in India’s equity markets through Portfolio Management Services (PMS) and alternative investment platforms.
In 2022, Blackstone-managed private equity funds acquired majority stake in ASK Asset & Wealth Management Group.