Lakshya AMC Gets SEBI Final Mutual Fund License

Wealth First Portfolio Managers' subsidiary Lakshya AMC received SEBI's final license to launch and manage mutual funds in India.
Lakshya AMC has onboarded Benchmark AMC co-founders Sanjiv Shah, Rajan Mehta, and Sanjay Gaitonde, pioneers of India's ETF ecosystem.
Lakshya AMC will be India's first AMC headquartered in Ahmedabad, targeting the underpenetrated passive investing segment (19–20% of AUM vs 50%+ in US).