Old Bridge Capital Management gets SEBI approval for Mutual Fund business

Old Bridge Capital Management (OBCM) on Wednesday announced that it has received final approval from the Securities and Exchange Board of India (SEBI) to commence its mutual fund operations under the name Old Bridge Mutual Fund.

Commenting on the SEBI nod, Kenneth Andrade, the Founder of OBCM, said, "We are delighted to receive this licence to commence operations for Old Bridge Mutual Fund and will be launching our maiden actively managed equity scheme. As we move forward with our newly acquired license, we remain committed to providing investors with long-term investment solutions on our mutual funds platform."

This development marks a significant milestone for Old Bridge Capital Management as it expands its portfolio of financial services. With the issuance of the SEBI licence, Old Bridge Mutual Fund is poised to offer investment opportunities to a broader spectrum of investors, further solidifying OBCM's presence in the Indian financial market.

Services offered by Old Bridge Capital Management

The leading portfolio management firm was established in December 2015. Old Bridge Capital Management Private Limited was registered with the market regulator as a Portfolio Manager in June 2016. The company primarily serves as a portfolio management services provider.

Additionally, the company also serves as an Investment Manager and Sponsor for SEBI registered Category III Alternative Investment Fund, known as "Old Bridge Capital AIF". The company has also been a Securities and Exchange Commission (SEC) Registered Investment Advisor (RIA) since March 8, 2019.

As Old Bridge Capital Management ventures into the mutual fund arena, investors can anticipate a new actively managed equity scheme designed to cater to their long-term financial objectives. This strategic move underscores the company's commitment to delivering comprehensive investment solutions to its clientele.