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Shares of Angel One are expected to remain in the limelight after the company on Tuesday announced that its wholly-owned subsidiary, Angel One Asset Management Company , has received approval from the Securities and Exchange Board of India (Sebi) to act as the asset management company for Angel One Mutual Fund . This paves the way for the company to enter the asset management space. “Angel One Asset Management Company Ltd, wholly owned subsidiary of Angel One Limited, a leading Fintech player, has received the approval from the Securities and Exchange Board of India (SEBI) to act as the asset management company for Angel One Mutual Fund.
With this milestone, Angel One marks its entry into the asset management space, focusing exclusively on passive investment solutions ,” said the company in its filing to the exchanges. Angel One Mutual Fund’s passive investment products (i.e.
, Index Funds and ETFs ) will be designed to offer clients a low-cost, transparent and accessible pathway to wealth creation. "As passive investing continues to gain traction, Angel One Mutual Fund’s commitment to this approach addresses the rising demand from clients seeking simplicity and cost-efficiency in their portfolios," the filing further said. Stock Trading Advanced Strategies in Stock Market Mastery By - CA Raj K Agrawal, Chartered Accountant View Program Stock Trading A2Z of Stock Trading - Online Stock Trading Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Heikin Ashi Trading Tactics: Master the Art of Trading By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading Macroeconomics Made Easy: Online Certification Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Technical Analysis Demystified: A Complete Guide to Trading By - Kunal Patel, Options Trader, Instructor View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.
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This license enables us to augment our offerings and better serve our clients. With a robust technological infrastructure and a deep understanding of client needs, we are poised to transform the passive investing space in India," Thakkar said. The shares of Angel One closed 4% higher at Rs 2,909.
65 on the BSE on Tuesday. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
