New Launch13 Nov 2025, 01:34 pm
Master Trust Ltd Subsidiary Receives In-Principle Approval from SEBI for Mutual Fund
AI Summary
Master Trust Ltd's wholly owned subsidiary, Master Capital Services Limited, has received an in-principal approval from the Securities and Exchange Board of India (SEBI) to act as the sponsor for a Mutual Fund. This includes the ability to launch schemes under the Mutual Fund, including Specialized Investment Fund category. The final approval for registration of the Mutual Fund will be granted by SEBI subject to the fulfillment of the requirements stipulated in their letter. This disclosure is being made in the interest and for the information of stakeholders.
Key Highlights
- Master Capital Services Limited, a wholly owned subsidiary of Master Trust Ltd, has received an in-principal approval from SEBI to act as the sponsor for a Mutual Fund
- The approval allows for the launch of schemes under the Mutual Fund, including Specialized Investment Fund category
- The final approval for registration of the Mutual Fund is subject to the fulfillment of SEBI's requirements
- Master Capital Services Limited will set up an Asset Management Company and a Trustee Company in compliance with applicable regulations
- This disclosure is being made for the information of stakeholders