Cosmea Financial Holdings (CFH) Private Limited Receives SEBI Approval to Start Mutual Fund Operations. Banking & Finance | Dated: 06 Jan 2025 Cosmea Financial Holdings (CFH) Private Limited, headquartered in Mumbai (Maharashtra) and led by Sam Ghosh, has received approval from the Securities and Exchange Board of India (SEBI) to sponsor a Mutual Fund (MF). 🎯 Key Highlights: - The approval comes after CFH submitted its application in May 2024 and now has a 6-month window to complete the required registration formalities in accordance with the SEBI (Mutual Funds) Regulations, 1996. 💡 Other Important Facts: (i) CFH has teamed up with WisdomTree, a global leader in Exchange-Traded Funds (ETFs) and Exchange-Traded Products (ETPs), which manages assets worth over USD 100 billion, to enhance its market position. (ii) CFH intends to invest Rs 200 crore (USD 23.3 million) in its Asset Management Company (AMC), with a focus on Quantitative and Smart Beta strategies to cater to the increasing demands of Indian investors. (iii) CFH has obtained licenses for Category III Alternate Investment Funds (AIF) and a Fund Management Entity at Gujarat International Finance Tec-City (GIFT). 📚 Test Your Knowledge: Which regulatory body recently approved Cosmea Financial Holdings (CFH) to sponsor a Mutual Fund? Correct Answer: SEBI 🚀 Quick Recap: