ASK Asset & Wealth Management Group has received regulatory approval from the Securities and Exchange Board of India (SEBI) to begin operating as an investment manager for mutual funds in India.
The company previously received in-principle clearance from SEBI in March 2025 for its entry into the mutual fund sector.
It plans to offer a range of products including active equity, passive strategies, hybrid, and fixed-income funds.
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The company will provide investment options suitable for various investor groups, such as retail investors, long-term savers, high-net-worth individuals (HNIs), and institutional clients.
ASK intends to launch products aimed at different financial objectives such as wealth accumulation over time, generating income, and preserving capital.
The company also highlights its attention to risk management and structured portfolio development.
With more than 40 years of experience in India’s equities market, ASK has been active in capital management through portfolio management services (PMS) and alternative investment platforms.
In 2022, private equity funds controlled by Blackstone acquired a majority stake in ASK. As of 31 December 2025, the group managed assets around Rs 820bn ($9bn).
ASK founder and chairman Sameer Koticha said: “This marks an important milestone in ASK’s evolution as a diversified asset and wealth management platform. For over four decades, ASK has navigated multiple market cycles with a strong, research-driven approach focused on capital protection and growth. The launch of ASK Mutual Fund now enables us to extend this legacy to a wider investor base.”
Katicha added: “With Mutual Funds, we complete our transition into a full-suite asset and wealth management platform, spanning PMS, AIFs, Private Wealth, and now Mutual Funds for retail and institutional investors.”
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