<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0002062501</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class A ordinary shares</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>07/29/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001933021</issuerCik>
        <issuerName>Plutus Financial Group Ltd</issuerName>
        <issuerCusip>G7144S103</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>8/F., 80 GLOUCESTER ROAD, WANCHAI</com:street1>
          <com:city>HONG KONG</com:city>
          <com:stateOrCountry>F4</com:stateOrCountry>
          <com:zipCode>00000</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Innovax Asset Management Ltd</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>K3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1376487.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1376487.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1376487.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>8.9</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Innovax Asset Management Ltd</reportingPersonName>
      <memberGroup>a</memberGroup>
      <citizenshipOrOrganization>K3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>1376487.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>1376487.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1376487.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>8.9</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Plutus Financial Group Ltd</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>8/F., 80 GLOUCESTER ROAD, WANCHAI, HONG KONG, CHINA, 00000</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Innovax Asset Management Limited
HBV Special Opportunities Limited Partnership Fund
</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>The address of Innovax Asset Management Limited is Unit 1-C, 20/F, Neich Tower, 128 Gloucester Road, Wan Chai, Hong Kong
The address of HBV Special Opportunities Limited Partnership Fund is Room 1004, Harvest Building, 29-37 Wing Kut Street, Central, Hong Kong
</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Hong Kong</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>
Innovax Asset Management Ltd: 1376487

HBV Special Opportunities LPF: 1376487</amountBeneficiallyOwned>
        <classPercent>Innovax Asset Management ltd: 8.93

HBV special opportunities LPF: 8.93%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>0</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>Innovax Asset Management ltd: 1376487

hbv special opportunities LPF: 1376487</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>INnovax asset Management: 1376487

HBV special opportunity LPF: 1376487</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Innovax Asset Management Ltd</reportingPersonName>
      <signatureDetails>
        <signature>li lap sun</signature>
        <title>director</title>
        <date>11/13/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Innovax Asset Management Ltd</reportingPersonName>
      <signatureDetails>
        <signature>li lap sun</signature>
        <title>director</title>
        <date>11/13/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
