Choice International Limited announced that the Securities and Exchange Board of India (SEBI) has granted in-principle approval for the company to sponsor and establish a mutual fund. This milestone positions Choice International to expand its financial services portfolio and cater to a broader spectrum of investors.

In accordance with SEBI’s approval, Choice International will set up an Asset Management Company (AMC) and a Trustee Company, adhering to all applicable regulations and legal requirements. This development aligns with the company’s commitment to offering innovative and reliable financial solutions to its clients.

“This approval marks a significant step forward in our journey to becoming a comprehensive financial services provider. By entering the mutual fund industry, we aim to empower investors with tailored investment products and create value through disciplined and transparent fund management. We are deeply grateful for the trust SEBI has placed in us and are excited about the opportunities this presents for our stakeholders,” said Arun Poddar, CEO and Executive Director of Choice International.