Nuvama has incorporated a wholly owned subsidiary, Nuvama Mutual Fund Trusteeship Services Limited, as announced on November 21, 2025. This new entity will focus on mutual fund trustee services and other related activities. The establishment of this subsidiary is a strategic move to expand Nuvama’s presence in the financial services sector and aligns with the company’s growth objectives in the asset management space.
Subsidiary Incorporation
Nuvama has announced the incorporation of a new wholly owned subsidiary named Nuvama Mutual Fund Trusteeship Services Limited. This incorporation was finalized as of November 21, 2025. This strategic initiative is intended to bolster Nuvama’s footprint within the financial services industry.
Purpose and Activities
The newly formed subsidiary will primarily focus on delivering mutual fund trustee services and related activities. The certificate of incorporation was signed on November 20, 2025. This expansion allows Nuvama to broaden its service offerings and cater to the growing demand for robust and reliable trustee services in the mutual fund sector.
Holding and Capital
Nuvama Wealth Management Limited will act as the holding company for the new subsidiary. The initial investment includes ₹50,00,000 divided into 5,00,000 Equity Shares with a face value of ₹10 each. This new entity is wholly owned, with Nuvama retaining 100% shareholding.
Source: BSE
