Wealth First Portfolio Managers receives Sebi nod to launch mutual fund business

Wealth First Portfolio Managers has secured approval from Sebi to begin mutual fund operations. The new entity, Lakshya Asset Management Company, will be headquartered in Ahmedabad. Lakshya AMC aims to introduce innovative investment products. Key members from Benchmark Asset Management, pioneers of ETFs in India, have joined the Lakshya AMC team.