{"id":21983,"date":"2022-02-08T11:47:44","date_gmt":"2022-02-08T06:17:44","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-cosmea-mf\/"},"modified":"2022-02-08T11:47:44","modified_gmt":"2022-02-08T06:17:44","slug":"biz-cosmea-mf","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-cosmea-mf\/","title":{"rendered":"Cosmea Financial forms JV with OroWealth; to foray into mutual fund space"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2022090727\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 8 (PTI) New-age financial services startup Cosmea Financial Holdings (CFH) on Tuesday announced its joint venture with OroWealth, as part of its plan to setup and launch a digital-first mutual fund.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1772126990\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The new joint venture company &#8212; Torus Oro AMC &#8212; will spearhead the foray of CFH into the AMC business.<\/p>\n<p> As per the agreement, Cosmea, promoted by ex-Reliance Capital CEO Sam Ghosh, will hold 74 per cent stake in Torus Oro AMC (Asset Management Company), while the balance 26 per cent will be held by OroWealth and its founders, according to a statement.<\/p>\n<p> Torus Oro AMC has applied for an asset management company license with capital markets regulator Sebi and expects to launch its operations within this year, subject to applicable approvals.<\/p><div class=\"trade-content_5\" id=\"trade-2383665270\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The company meets all statutory norms of experience, net worth, and profitability to apply for the license, the statement noted.<\/p>\n<p> The digital-first AMC aims to have Rs 10,000 crore in assets under management (AUM) over 3 years, with primary focus on passive, smart beta, international and retirement products.<\/p>\n<p> Nitin Agrawal, one of the founding\u00a0members of wealth tech startup OroWealth, will be the CEO of Torus Oro AMC.<\/p>\n<p> &#8220;The mutual fund industry is going through a tectonic shift driven by technology and innovation. We are excited about building a digital AMC with a technology first approach across the three verticals &#8212; distribution, fund management and operations,&#8221;\u00a0CEO designate Agarwal said.<\/p>\n<p> &#8220;We will empower distribution partners and customers with sophisticated portfolio analytics tools, use cutting-edge data analysis techniques to augment fund research and optimize fund operations with automation,&#8221; he added.<\/p>\n<p> CFH will bring necessary capital and its distribution strength, both digital and physical, while\u00a0OroWealth management team will bring in technology and current distribution tie ups &#8212; which includes banks, telecom etc &#8212; to the venture. PTI SP  DRR DRR<\/p><div class=\"trade-content-10\" id=\"trade-1911661389\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-3369264369\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 8 (PTI) New-age financial services startup Cosmea Financial Holdings (CFH) on Tuesday announced its joint venture with OroWealth, as part of its plan to setup and launch a digital-first mutual fund. The new joint venture company &#8212; Torus Oro AMC &#8212; will spearhead the foray of CFH into the AMC business. As [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-21983","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cosmea Financial forms JV with OroWealth; to foray into mutual fund space - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-cosmea-mf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cosmea Financial forms JV with OroWealth; to foray into mutual fund space\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 8 (PTI) New-age financial services startup Cosmea Financial Holdings (CFH) on Tuesday announced its joint venture with OroWealth, as part of its plan to setup and launch a digital-first mutual fund. 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