Master Trust submits application to SEBI to Launch Mutual Fund Business

Master Trust, a leading broking and investment platform, has formally applied to the Securities and Exchange Board of India (SEBI) for a mutual fund license through its flagship company, Master Capital Services Limited, to act as sponsor of the asset management company which shall, post SEBI approval, launch schemes under the mutual fund.

This evolution marks a major leap towards Master Trust's objective of increasing access to professionally managed investment products. The Master Trust group has established a strong footprint in equities, commodities, derivatives, and wealth management. With over 4.2 lakh investors across its client base, Master Trust has continued to deliver transparent, research-driven financial products underpinned by sound digital infrastructure.

The mutual fund business will introduce a broad basket of mutual fund equity schemes across various market capitalization, including a multi-asset scheme. The mutual fund will focus on quantitative techniques for fund management as well traditional bottom-up approach to generate superior risk-adjusted returns. These schemes are intended to address the changing financial objectives of both retail and institutional investors. The design of the products will focus on simplicity, affordability, and long-term value creation in the spirit of Master Trust's investor-first approach.

India's mutual fund sector has come to a new stage of growth, with assets under management crossing ₹70 trillion. Against this background, Master Trust's foray into the segment is well timed to cater to the increasing appetite for mutual funds as the primary vehicle of investment. With the advantage of having decades of experience in financial services and a technology-based approach, the mutual fund business is poised to add to the existing bouquet of investment services of the firm.

Source : Equity Bulls

Keywords

MasterTrust SEBI Application MutualFundBusiness