Stories
1 Finance Secures SEBI In-Principle Approval for MF Lite AMC Licence
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CNBC TV18•19-10-2026, 15:55
1 Finance Secures SEBI In-Principle Approval for MF Lite AMC Licence
- •1 Finance has received in-principle approval from SEBI to set up an asset management company under the MF Lite framework.
- •The Mumbai-based personal finance advisory firm is targeting a launch in the fourth quarter of FY27, pending final registration.
- •The proposed AMC will primarily focus on passive investment products such as index funds and exchange-traded funds.
- •Co-founder and managing director Jeet Marwadi stated the business will complement the firm's financial planning services.
- •1 Finance currently manages more than 17000 crore rupees in assets under advice.
Key Questions Answered
1 Finance received in-principle approval from SEBI to set up an asset management company under the regulator's MF Lite framework, which is tailored for mutual funds offering passive investment schemes.
The Mumbai-based personal finance advisory firm is targeting a launch in the fourth quarter of FY27, subject to fulfilling regulatory and operational formalities and securing final SEBI registration.
The proposed AMC will concentrate on passive investment products such as index funds and exchange-traded funds (ETFs), which track an underlying index instead of relying on active fund manager stock selection.
