New Delhi: Pramerica Asset Managers, the Indian arm of the U.S.-based Prudential Financial said that it has received market regulator Securities and Exchange Board of India (SEBI)'s approval for starting mutual fund operations in the domestic market. "We have received the final approval from SEBI. We hope to launch the first product by June-end," Pramerica Asset Managers MD and CEO Vijai Mantri said. He said the asset management company would, in a week's time, file with SEBI for a couple of products. "Within the next 7-10 days we would be filing for a couple of products with the regulator. They would be mixture of debt and equity," Mantri said. Over the next 12-18 months, Pramerica MF will launch 2-3 equity funds and 4-5 debt schemes, Mantri said. With this approval, Pramerica has joined the league of Italian bank UniCredit's arm Pioneer Global, Japan's Shinsei, South Korea's Mirae Asset and France's Axa, who have launched their products in the country over the past three years.