EconomySaturday, 28 March 2026·https://testbook.com/current-affairs/28-march-2026-daily-current-affairs
Lakshya AMC gets SEBI approval to enter mutual fund business in Ahmedabad
SEBI approved Lakshya AMC to start mutual fund business, making it the first AMC headquartered in Ahmedabad.
Key highlights
Direct fact
In March 2026, SEBI approved Lakshya Asset Management Company to commence mutual fund business, and the company is set to become the first Asset Management Company headquartered in Ahmedabad.
Key specifics
- The approval was granted by the Securities and Exchange Board of India (SEBI).
- Lakshya AMC will enter the mutual fund (MF) business.
- It will be the first AMC headquartered in Ahmedabad.
- The sponsor is Wealth First Portfolio Managers, listed on NSE and BSE.
- The founding team includes Sanjiv Shah, Rajan Mehta and Sanjay Gaitonde.
Exam lens
Economy and capital markets question, SEBI approval, mutual fund business, Ahmedabad, Wealth First Portfolio Managers — TNPSC may ask the regulator, city, and sponsor company.