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By EquityPandit
The Securities and Exchange Board of India (SEBI) has provided its in-principle approval for setting up asset management company (AMC).
SEBI Investment Management Department has provided its in-principle approval for sponsoring a mutual fund and for setting up asset management company and trustee company.
The permission is subject to the fulfilment of requirements as prescribed in SEBI (Mutual Fund) Regulations, 1996.
