Angel One Asset Management Company Ltd, a wholly-owned subsidiary of Angel One Limited, has received the green light from the Securities and Exchange Board of India (SEBI) to operate as the asset management company for Angel One Mutual Fund. The announcement, made on November 26, marks Angel One’s strategic entry into the asset management space.
A Focus on Passive Investment Solutions
In a regulatory filing, Angel One highlighted its commitment to passive investment products like Index Funds and Exchange Traded Funds (ETFs). These offerings aim to provide clients with low-cost, transparent, and easily accessible pathways to wealth creation.
“As passive investing gains momentum, our products will cater to clients looking for simplicity and cost-efficiency in their portfolios,” the company stated.
Market Response
On November 26, Angel One’s shares jumped 4%, reaching ₹2,911.2 per share by 3:25 PM. The company’s market capitalization now stands at a notable ₹26,270 crore.
Leadership Perspectives
Dinesh Thakkar, Chairman and Managing Director of Angel One Limited, expressed his enthusiasm for the SEBI approval.
"This is a pivotal moment in our journey. By leveraging robust technology and client insights, we aim to revolutionize passive investing in India. Our ETF and Index Fund products reflect our commitment to affordability, accessibility, and transparency in financial products. This initiative aligns with our mission to empower a new generation of investors and contribute to India's growth story," said Thakkar.
Echoing this sentiment, Hemen Bhatia, Executive Director and CEO of Angel One Asset Management Company Limited, emphasized the rising demand for passive investing in India:
"ETFs and Index Funds are becoming increasingly popular among both retail and institutional investors. With our expertise in passive products, we aim to make long-term investing simpler and more accessible for every Indian. This aligns with our goal of empowering a billion lives."
Strategic Vision
Angel One AMC plans to create a comprehensive suite of ETF and Index Fund products, offering diversified investment options tailored to client preferences and risk profiles. By leveraging Angel One’s extensive digital infrastructure and distribution network, the AMC seeks to ensure seamless access to these investment solutions.
As the asset management industry in India grows rapidly, Angel One Mutual Fund is well-positioned to meet the evolving needs of investors, driving simplicity, affordability, and transparency in passive investing.
