Angel One Limited — Updates, 26-11-2024: Press Release

Angel One Asset Management Company Ltd has received approval from SEBI to commence its mutual fund business, marking a significant entry into the asset management sector with a focus on passive investment solutions. The new Angel One Mutual Fund will offer a range of low-cost, transparent investment products, including Index Funds and ETFs, aimed at making wealth creation more accessible and efficient for clients. This move aligns with the increasing trend towards passive investing, catering to rising demand for simplicity in portfolios.

Chairman Dinesh Thakkar emphasized that this license enhances their capabilities to better serve clients while leveraging robust technology and a deep understanding of market needs. CEO Hemen Bhatia highlighted the potential of ETFs and Index Funds in simplifying long-term investing for a diverse range of investors. The AMC plans to harness its parent company's digital infrastructure and distribution network to facilitate seamless access to these investment products, fostering financial empowerment in India. Positive outlook for growth prospects as passive investing continues to gain traction in the market.