InvestorQ : Is Angel Broking planning to float a mutual fund?
sarah Leo made post

Is Angel Broking planning to float a mutual fund?

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Rashi Mehra answered.
1 month ago
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The board of Angel Broking has approved setting up of an AMC, subject to regulatory approvals. Angel saw a spike in profits and revenues in the Mar-21 quarter. Angel wants to capitalize on the sharp increase in its own investor base as well as the investor base for mutual funds in the last one year. In last fiscal, Angel added 2.4 million clients in the year of which 1 million came in fourth quarter.
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