Image Source : Monarch Networth Capital
Monarch Networth Capital Ltd has received in-principle approval from SEBI to sponsor and set up a mutual fund, marking a strategic leap into India’s Rs 68 trillion asset management industry.
Key highlights:
- The approval follows Monarch’s application filed on December 31, 2024, under SEBI’s MF Lite framework
- The firm plans to launch active schemes, leveraging its experience in managing three AIF strategies
- Monarch currently serves over 300,000 retail clients through its broking and MF distribution channels
- The move aligns with SEBI’s push for Specialized Investment Funds (SIFs), offering lower entry barriers and flexible structures
- Monarch aims to capitalize on rising investor awareness and demand for diversified investment products
Strategic context:
This expansion complements Monarch’s existing financial services and positions it to compete with established AMCs while offering differentiated strategies for retail and HNI segments.
Sources: Business Standard, Economic Times, Rediff MoneyWiz, MNCL Group, Cafemutual
Advertisement
Advertisement