SEBI grants 1 Finance in-principle approval for India's first MF Lite asset management company

Key facts

• 1 Finance has received in-principle approval from the Securities and Exchange Board of India (SEBI) to establish India's first MF Lite asset management company, with launch targeted for Q4 of FY 2026-27.
• The proposed AMC will offer passive investment products, including index funds and exchange-traded funds (ETFs), under SEBI's MF Lite framework, subject to final registration.
• Mutual fund schemes can be launched only after SEBI grants final registration to the AMC.
• 1 Finance is a Mumbai-based personal finance advisory firm with more than ₹17,000 crore in assets under advice.
• MF Lite is a regulatory framework intended for passive investment schemes such as index funds and ETFs.
• 1 Finance is backed by the Marwadi Chandarana Group, a financial services institution with interests across education and alternative energy.