New Launch23 Jul 2025, 06:11 pm
SEBI Grants In-Principle Approval to Monarch Networth Capital for Mutual Fund Sponsorship
AI Summary
Monarch Networth Capital Ltd has received an in-principal approval from the Securities and Exchange Board of India (SEBI) to act as a sponsor and set up a proposed mutual fund. The final approval is subject to Monarch Networth Capital fulfilling the conditions and requirements outlined by SEBI. The in-principal approval was received on July 23, 2025.
Key Highlights
- SEBI has granted in-principal approval to Monarch Networth Capital Ltd for sponsoring a mutual fund
- The final approval is subject to Monarch Networth Capital fulfilling SEBI's conditions and requirements
- The in-principal approval was received on July 23, 2025