1 Finance has received in-principle approval from the Securities and Exchange Board of India for India’s first MF Lite asset management company licence, paving the way for the personal finance advisory and wealth-tech firm to enter the mutual fund industry.
The proposed AMC will focus on passive investment products, including index funds and exchange-traded funds, under SEBI’s MF Lite framework. The launch is targeted for the fourth quarter of financial year 2026-27, subject to the company completing regulatory and operational requirements and receiving final registration.
