Mutual fund stock in focus: Incorporated in 1993, Nuvama Wealth Management Ltd is in the business of broking and trading in equity securities and is also registered as an Investment Adviser and Merchant Banker with SEBI. Motilal Oswal Financial Services Limited is bullish on the BSE 500 company. Let’s find out why:
In an exchange filing, the company informed, ‘We are pleased to inform that SEBI vide letter dated June 9, 2026, has granted certificate of registration for ‘Nuvama Mutual Fund’. Further, Nuvama Asset Management Limited, a wholly owned subsidiary of the Company, shall act as an Asset Management Company, and Nuvama Mutual Fund Trusteeship Services Limited, a wholly owned subsidiary of the Company, shall act as the Trustee Company, respectively, for Nuvama Mutual Fund.
At the time of writing this report (9:00 AM), the shares of Nuvama Wealth Management were trading 0.71 per cent lower at Rs 1509.65, compared to the previous closing price of Rs 1,520.40.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
