Unifi Capital bags SEBI’s in-principle approval to offer Mutual Fund

By Gloria Mathias

Unifi Capital, an India-based investment management firm, has received SEBI’s in-principle nod to commence work on its mutual fund.

The firm was established in 2001 as a registered portfolio manager and claims to currently manage over Rs. 20,000 crore on behalf of about 10,000 Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) clients across 22 states in India.

“Our mutual fund will enable us to go deeper and wider, bringing our investment products to the full spectrum of investors for the very first time. What excites our team the most is not just having larger assets, but the opportunity to make a mark as an outstanding performer; that is what we would continue to stand for with investors. We will play to our well-established strengths in deep bottom-up research and deliver a high standard of excellence that puts client experience manifestly front and centre. Within the regulatory framework, we have more than enough space to offer differentiated investment strategies that mutual fund investors are yet to be served.” said Sarath Reddy, Founder of Unifi Capital.

SEBI’s strong governance and AMFI’s investor education initiatives have supported a remarkable surge in domestic investor participation in mutual funds over the years.

“We are thankful to have the opportunity to log onto this powerful platform and are committed to adding value to all stakeholders.  As we assemble our Mutual Fund team, we express our gratitude to our clients, partners, and well-wishers with whom we have traversed some of the last 22 years.” Reddy added.

Unifi’s core DNA of management with an unrelenting focus on ‘absolute valuation’ and risk control, is central to our consistent performance. The firm is employee-owned and managed. Unifi has no professional interests outside of asset management and values its independence to make investment decisions based purely on merit.