Nuvama Wealth Management Limited (NWML) has achieved a significant regulatory milestone, declaring that the Securities and Exchange Board of India (SEBI) has given it permission to serve as the sponsor of its suggested mutual fund.
In an intimation filed with the BSE and NSE on October 1, 2025, Nuvama Wealth Management Limited (Corporate Identity Number: L67110MH1993PLC344634) informed the stock exchanges that SEBI granted the requisite approval via a letter also dated October 1, 2025.
This approval is crucial, as it enables NWML to establish and set up the Nuvama Mutual Fund.
By acting as the sponsor, the company is subsequently permitted to launch schemes under the Mutual Fund umbrella, including offerings within the Specialized Investment Fund category.
All such activities will be conducted pursuant to the SEBI (Mutual Funds) Regulations, 1996.
The current approval follows the company’s earlier intimation dated January 31, 2025, when NWML first informed the exchanges regarding its application submission to SEBI seeking approval for the sponsorship role.
While Nuvama Wealth Management Limited has secured the sponsorship approval, the company notes that the final approval for registration of the Mutual Fund is not yet complete.
SEBI will grant the final registration subject to the company fulfilling the remaining requirements stipulated in the regulatory letter.
NWML’s shares trade under the scrip code 543988 on the BSE and the symbol NUVAMA on the NSE.
The document was signed by Sneha Patwardhan, Company Secretary and Compliance Officer.
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