Old Bridge Capital Management (OBCM) , a premier portfolio management firm , today announced that it has received the final approval from the Securities and Exchange Board of India (SEBI) to commence its mutual fund operations under Old Bridge Mutual Fund.Kenneth Andrade , Founder of OBCM said "We are delighted to receive this license to commence operations for Old Bridge Mutual Fund and will be launching our maiden actively managed equity scheme. As we move forward with our newly acquired license, we remain committed to providing investors with long-term investment solutions on its mutual funds platform as well".The company will launch the new scheme after getting approval from Sebi. In addition to Helios Capital, broking firm Zerodha received final approval from Sebi to set up an asset management company.