Motilal Oswal Grp receives SEBI approval for mutual fund

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Mumbai, Aug 29 (UNI) Passionate Investment Management Pvt Ltd, a Motilal Oswal Group company, today in principle received approval from Securities and Exchange Board of India (SEBI) to set up a mutual fund business in the country.

Commenting on this development, Mothilal Oswal Financial Services Ltd chief managing director Motilal Oswal said, ''This approval is another step in the direction of realisation of our vision, of being a full fledged, global financial services company.'' UNI AR RN NP1607

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