Intimation of granting of SEBI registration to act as Category-II ALF to Bharat Growth Trust.
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Awaiting price reaction for this filing.
Bharat Growth Trust has received SEBI registration to operate as a Category II Alternative Investment Fund (AIF), effective February 10, 2026. The first scheme under this trust will be named 'Bharat Growth Fund'. Swastika Investmart will act as the Sponsor of this fund, while its wholly-owned subsidiary Avisa Wealth Managers will serve as the Investment Manager. The registration (No. IN/AIF2/25-26/2037) is permanent unless cancelled or suspended by SEBI. This move positions Swastika to expand beyond its core broking business into the fund management space.
This is a positive development for shareholders as it marks Swastika's entry into the asset management business, potentially opening a new revenue stream through management and sponsor fees. It diversifies income beyond broking, which could support long-term valuation.