The Wealth Company Mutual Fund Gets SEBI Nod to Launch Ethical Fund

Mumbai, September 4, 2025 – The Wealth Company Mutual Fund has received approval from the Securities and Exchange Board of India (SEBI) to launch its new open-ended equity scheme. The scheme is named The Wealth Company Ethical Fund and is a thematic fund following ethical and Shariah-compliant investment principles.

The Wealth Company Mutual Fund is a financial services entity offering investment solutions to individuals and institutions. Headquartered in Mumbai, it operates under Wealth Company Asset Management Holdings Pvt. Ltd. within the asset management industry. The fund, with Pantomath Trustee Pvt. Ltd. as trustee, is backed by the Pantomath Group, a diversified financial services provider. It focuses on delivering structured investment options to support long-term wealth creation.

Ethical Fund Benchmarks NIFTY 500 Shariah TRI, ₹10 Unit Value

The newly approved fund is designed to provide long-term capital appreciation. The fund will gain value by investing predominantly in equity and equity-related instruments of companies adhering to ethical guidelines. It will benchmark its performance against the NIFTY 500 Shariah TRI Index, which is a reflection of its commitment to socially responsible investing. The fund will carry a face value of ₹10 per unit with a minimum application amount of ₹1,000 (NFO & SIPs from ₹250). The plans and options under the fund will constitute Regular & Direct Plans and Growth and IDCW Options, respectively. The exit load for it is set at 1% if redeemed within 30 days, and nil thereafter.

From an investment point of view, the fund will dynamically allocate 80–100% in equity, with the flexibility to invest up to 20% in debt and money market instruments. It may also selectively invest in REITs, InvITs, and derivatives for hedging. It is key to note here that the fund is marked as very high risk on the riskometer.

Aparna Shanker Leads Fund with 32+ Years of Mutual Fund Experience

Mrs. Aparna Shanker has been appointed as the fund manager for The Wealth Company Ethical Fund. With her stellar record of 32+ years of experience in mutual funds, she is expected to take this open-ended equity scheme to new heights.

Fund Excludes Alcohol, Gambling, Tobacco, Meat, Ensuring Ethical Compliance

As the scheme has a dual ethical and financial screening process, businesses related to alcohol, gambling, tobacco, narcotics, meat processing, pesticides, and vulgar entertainment are strictly excluded from its scope. To maintain its ethical and financial standards, the scheme will follow Shariah principles by combining them with broader ethical values such as sustainability, sincerity, and integrity.

SEBI-Compliant Fund Ensures Transparency and Risk Mitigation

In the Scheme Information Document, the Wealth Company Mutual Fund confirmed that the new fund is in compliance with SEBI (Mutual Funds) Regulations, 1996, and incorporates risk-mitigation measures, transparency in NAV disclosures, and periodic portfolio updates.

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REF: https://www.sebi.gov.in/filings/mutual-funds/sep-2025/the-wealth-company-ethical-fund_96416.html

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