Unifi Asset Management, a subsidiary of Unifi Capital, has received final approval from the Securities and Exchange Board of India (SEBI) to commence its mutual fund operations.

“After 23 years as a portfolio manager, it’s a very logical moment in our institutional journey to establish a mutual fund that will complement our time-tested services. A strong and independent MF team is in place and completely ready to take Unifi’s core absolute value investing process to those looking for a specialist fund focused on niche and rewarding opportunities. What excites our team the most is the chance to make a mark as an outstanding and consistent performer for a wider audience," Sarath Reddy, founder of Unifi Capital said. 

“Through our mutual fund offering, we will play to our well-established strengths in deep bottom-up research to cater to the diverse needs and risk profiles of investors," said George Alexander, CEO, Unifi Mutual Fund. "Our vision is to provide an asset management service, not a product.”  

Saravanan Viswanathan, chief investment officer at Unifi Mutual Fund, added, "Our emphasis on absolute risk-adjusted returns and discernible earnings growth rather than sentiments and momentum will enable consistent performance”.

Established in 2001 as a registered portfolio manager, Unifi has about Rs 27,000 crore ($3.2 billion) in assets under management (AUM) in equity and debt via its PMS and AIF platforms in India and abroad as of 31st October 2024). The company employs about 155 people.