ASK Asset Management Company has received SEBI’s final approval to launch its mutual fund business,marking its official entry into India’s fast-growing asset management space. Backed by a strong portfolio management legacy, ASK AMC is expected to introduce research-driven and investor-focused schemes.Market experts believe the new entrant could intensify competition and expand product innovation, offering fresh opportunities for retail and institutional investors seeking diversified investment solutions.

SBI Mutual Fund has launched the Nifty Midcap150 Momentum 50 ETF under a new fund offer, aiming to tap into India’s dynamic midcap segment.The ETF tracks momentum driven stocks within the Nifty index,focusing on companies demonstrating sustained price strength.Market experts believe the launch reflects growing investor appetite for smart beta strategies that combine disciplined stock selection with the liquidity and transparency of exchange traded funds.