AlphaGrep Receives SEBI Approval to Launch Mutual Fund Business
AlphaGrep has received approval from Securities and Exchange Board of India to launch its mutual fund business in India. With this approval, the firm will enter the retail asset management space and offer investment products to a wider group of investors.
AlphaGrep is known for its expertise in quantitative trading and investment strategies. The company uses advanced coding, mathematics, and statistics to design algorithm-driven investment models. The move marks AlphaGrep’s expansion from quantitative trading into the mutual fund industry, bringing data-driven and technology-based investment approaches to retail investors.
Dhan Crosses 1 Million Users
The investment platform Dhan has crossed the 1 million user milestone after adding around 19,000 new users in February 2026. The platform aims to make investing in India simple and accessible, helping investors grow and build long-term wealth.
Dhan focuses on providing tools and services that enable Indian investors to participate easily in the financial markets and manage their investments more efficiently
Groww Showcases AI-Powered Investing Tools at Groww Next 2026
Investment platform Groww introduced several AI-powered features at the Groww Next 2026 event.
The highlight of the announcement was GR-1, an opt-in AI investing assistant that analyses market data and provides personalised insights to investors. The tool helps users understand market trends and make better decisions, but it does not automatically execute trades. During the event, the company also showcased its broader AI-powered investing architecture, covering areas such as trading, fixed income products, and digital wealth management.
These new tools aim to make investing simpler and more informed for users on the Groww platform.
Federal Bank Launches ‘Fed Wealth’ Platform for Wealth Management
Federal Bank has launched its new wealth management platform called Fed Wealth. The bank also opened its first Wealth Hub, marking the next step in expanding its wealth management business.
With over 90 years of banking experience, the bank aims to offer customers personalised investment solutions and detailed market research.
The Fed Wealth platform will provide a range of investment options based on customers’ risk profiles. These include fixed income products, equities, mutual funds, and alternative investments. The platform will also offer investment opportunities through GIFT City. The launch is part of Federal Bank’s strategy to strengthen its customer-focused wealth management services.
CRED Gets RBI Approval to Operate as Payment Aggregator
Fintech platform CRED has received approval from the Reserve Bank of India to operate as a payment aggregator. The approval allows CRED, through its entity Dreamplug Paytech Solutions Private Limited, to run a payment system under the direct supervision of the RBI.
With this licence, CRED can onboard merchants, collect payments on their behalf through multiple payment instruments, and manage settlements and refunds.
The move will help the company expand its digital payments infrastructure and merchant payment services
