{
  "id": 19789702,
  "title": "Arihant Capital Markets gets SEBI nod to launch mutual fund biz",
  "url": "https://urgent.news/2026/11/13/arihant-capital-markets-gets-sebi-nod-to-launch-mutual-fund-biz",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T10:01:23.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/arihant-capital-markets-gets-sebi-nod-to-launch-mutual-fund-biz/article71697257.ece"
  },
  "original_language": "en",
  "account": "Arihant Capital Markets Ltd has received a provisional approval from the SEBI to establish its own mutual fund business, the company announced on Friday. This expansion into asset management is a logical next step for the Madhya Pradesh-based firm. The mutual fund venture aims to provide investment solutions that make it easier for individuals to engage with financial markets and capitalize on India's long-term growth trajectory. Arihant's founder and Chairman, Ashok Kumar Jain, emphasized that the company's founding vision of making every Indian financially independent remains at the core of this initiative. He added that mutual funds serve as a crucial tool to achieve this goal by offering a straightforward and approachable means for people to participate in the financial markets and work towards their long-term wealth creation objectives. Established in 1992, Arihant is a multifaceted financial services provider with expertise in various areas, including stockbroking, wealth management, depositories, portfolio management, merchant banking, research, and other financial services. The company operates in over 300 cities and maintains a network of more than 800 investment centers. Currently, there are 57 mutual fund houses in the country, collectively managing assets exceeding ₹87 lakh crore as of September 2026.",
  "summary": "The proposed entry into asset management is a natural progression of this journey, the Madhya Pradesh-based company said in a statement",
  "key_points": [
    "SEBI grants provisional approval for Arihant Capital Markets to launch mutual fund business.",
    "Company aims to simplify investment solutions for individuals to engage with financial markets.",
    "Arihant, founded in 1992, operates in over 300 cities with 800+ investment centers."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}