SEBI Nod Boosts Nuvama Wealth Shares

Nuvama Wealth gained over 4% on October 3 after SEBI approved its application to act as a sponsor for launching Nuvama Mutual Fund, subject to final registration. The move positions Nuvama to tap India’s fast-growing ₹74 lakh crore MF industry, driven by rising SIPs, retail participation, and untapped affluent households in B30 cities.