Business Update27 Apr 2026, 11:20 am
Monarch Networth Raises ₹100 Cr for Maiden PMS
AI Summary
Monarch Networth Capital Ltd (BSE: 511551 | NSE: MONARCH) announced it has successfully raised ₹100 crore for its maiden Portfolio Management Services (PMS) scheme, the Monarch Wealth Creator Fund, within a few months of its launch. The entire amount was raised through Monarch's direct distribution network. The fund has delivered a 15.0% outperformance over the BSE 500 TRI since inception. The company is now targeting ₹500 crore in PMS AUM over the next two months.
Key Highlights
- Monarch Networth Capital raised ₹100 crore for its maiden PMS.
- The funds were raised entirely through its direct network.
- Monarch PMS outperformed BSE 500 TRI by 15.0% since inception.
- The company targets ₹500 crore in PMS AUM in the next two months.