SEBI approves Choice as Sponsor and Investment Manager for Category II AIF

Regulatory Product ApprovalBusiness Updates View source PDF

CHOICEIN · price

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₹833.40

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AI summary

Choice International and its wholly owned subsidiary Choice AMC Private Limited have received SEBI approval to act as Sponsor and Investment Manager respectively for Wealthwave Capital Trust, a Category II Alternative Investment Fund (AIF). The AIF is registered with SEBI under Registration No. IN/AIF2/24-25/1736. Once conditions in the NOC are met, Choice AMC will commence operations as Investment Manager. The company says this expands its investment offerings and strengthens its alternative investment capabilities.

Likely market impact

Expands Choice's AIF offerings, adds a new fee income stream from managing Wealthwave Capital Trust. Positive for long-term growth.