Angel One Receives SEBI License for MF Business
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Angel One has been granted approval by SEBI to start its mutual fund business, focusing on passive investment products such as ETFs and Index Funds. This move is anticipated to reshape the competitive dynamics within the asset management sector, particularly impacting companies with a strong presence in passive investments.
Following the announcement, Angel One's stock price saw a positive reaction, increasing by 1.82% to close above 2900 levels.
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Active investment is getting tough. Passive may be a better strategy going forward.