Sam Ghosh, a prominent figure in India’s financial sector, has received approval from the Securities and Exchange Board of India (Sebi) to launch his own mutual fund business under Cosmea Investments. The company applied for the license in May 2024 and plans to invest Rs 200 crore initially. Ghosh’s fund will offer both active and passive products and is expected to start operations within six months. Cosmea Investments also manages portfolio management services and alternative investment funds, advising assets worth approximately Rs 1,000 crore. Ghosh has a rich history in financial services, previously leading major firms like Bajaj and Reliance Capital.