Motilal Oswal gets nod to start mutual fundAugust 29th, 2008 - 3:52 pm ICT by IANS
New Delhi, Aug 29 (IANS) Motilal Oswal Friday said it has received an in-principle approval from market regulator Securities and Exchange Board (SEBI) to set up a mutual fund business. The company’s wholly-owned subsidiary, Passionate Investment Management Pvt. Ltd, will be responsible for the mutual fund business, an official statement said.
Motilal Oswal is a diversified financial services company, and is engaged in wealth management, equity broking, commodity broking, distribution of third party products, investment banking and venture capital management.