Wealth First Portfolio Managers Ltd

🚀 Lakshya AMC Secures SEBI License, Pioneering Team to Drive Innovation from Ahmedabad

- Lakshya Asset Management Private Limited received final SEBI license to operate as an Asset Management Company (AMC).

- Sponsored by publicly listed Wealth First Portfolio Managers Ltd (NSE: WEALTH, BSE: 544536).

- Founding team includes Sanjiv Shah, Rajan Mehta, and Sanjay Gaitonde—pioneers from Benchmark AMC who launched India's first ETF (Nifty BeES), first Gold ETF, and world's first money market ETF.

- Headquartered in Ahmedabad, making it one of the first AMCs based outside traditional metro hubs.

- India's mutual fund industry grew from ₹1 lakh crore AUM in 2001 to over ₹82 lakh crore in early 2026.

- Passive investing represents only 19-20% of AUM in India, compared to over 50% in the US.

- Lakshya AMC aims to focus on innovation-led, investor-centric products.