Master Trust Limited has informed the Exchange regarding 'PRESS RELEASE ISSUED BY THE WHOLLYOWNED SUBSIDIARY OF THE COMPANY I.E. MASTER CAPITAL SERVICES LIMITED'.
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Master Trust Limited has informed the exchanges that its wholly owned subsidiary, Master Capital Services Limited, has submitted an application to SEBI for a mutual fund license. Master Capital Services will act as the sponsor of a proposed asset management company that will launch mutual fund schemes once approval is received. The proposed mutual fund plans to offer equity schemes across various market capitalizations along with a multi-asset scheme, using both quantitative models and traditional bottom-up research. Master Trust currently serves over 4.2 lakh investors across equities, derivatives, commodities, and portfolio management services. This move comes as India's mutual fund industry AUM has crossed Rs 70 lakh crore, and the company sees this as the right time to enter the space.
This is a positive expansion move that could diversify Master Trust's revenue streams beyond broking into asset management, but the mutual fund business is dependent on SEBI approval and will take time to contribute meaningfully to earnings. Shareholders should view it as a long-term growth signal rather than immediate financial impact.