Cosmea Financial Holdings (CFH), promoted by Sam Ghosh, has received approval from the Securities and Exchange Board of India (Sebi) to sponsor a mutual fund. Cosmea filed its application with Sebi in May and has six months to complete registration formalities under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.According to a press release, the approval marks a significant milestone in Cosmea’s journey to expand its presence in India’s fast-growing financial markets.

The group is set to invest Rs 200 crore in its asset management company, which will focus on Quant and Smart Beta strategies to meet the evolving needs of Indian investors. It has also entered into a distribution agreement with WisdomTree, a global ETF and ETP sponsor managing over US$100 billion in assets.

Cosmea currently manages and advises assets worth Rs 1,000 crore across its capital markets business, including brokerage and distribution, wealth management, and advisory. The group has recently expanded its footprint in GIFT City by obtaining a CAT III Alternative Investment Fund (AIF) license and a fund management entity license, the release said.

With ambitious plans to achieve assets under management of Rs 15,000 crore within three years, Cosmea aims to leverage its expertise in technology-driven growth through its SuperApp, physical distribution network, and strategic partnerships.

“We are delighted to receive SEBI’s approval to enter the mutual fund business, which is an important milestone in our journey to transform into a diversified financial services group. Our investment in cutting-edge technology and wisdomtree like In partnership with global leaders, we aim to redefine investment solutions for Indian investors.Our focus on Quant and Smart Beta strategies is an innovative and data-driven approach to wealth creation It will provide a technology-first, customer-oriented financial It is the beginning of our long-term vision to build an ecosystem,” said Sam Ghosh, Founder and Chairman, Cosmea Financial Holdings. With its diverse offerings, experienced leadership team, and focus on technology. , Cosmea Financial Holdings is strategically positioned to capitalize on the immense growth potential of India’s financial markets. Cosmea Investment Private Limited (CIPL) is the holding company for all financial services businesses under the Cosmea Group. The company operates in three main verticals: capital markets, asset management, and insurance.

In the capital markets vertical, it is providing comprehensive services, including brokerage and distribution, wealth management, and advisory. Its SuperApp is a next-generation, technology-driven digital platform that offers seamless investment solutions.

In the asset management vertical, the company manages over Rs 170 crore in Portfolio Management Services (PMS), Cosmea has recently obtained a CAT III AIF license and a fund management entity license in GIFT City. . The company is focused on launching domestic and overseas businesses within the next 6-9 months, with a digital-first approach to asset management.

For vertical insurance, the company has applied for a general insurance license, in partnership with Qatar Insurance Company (QIC) and other investors. The group aims to leverage its distribution network and management expertise to create a strong presence in the insurance sector.