Master Trust Limited has informed the Exchange regarding 'Announcement under Reg 30 of SEBI (LODR) reg, 2015 for adoption of new line of business by the wholly owned subsidiary of the Company i.e. Master Capital Services Limited '. for which it has successfully filed an application with SEBI for a Mutual Fund License, to act as a Sponsor of the Assets Management Company to be incorporated post SEBI approval and will launch Mutual Fund Scheme.
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Master Trust Limited's wholly-owned subsidiary, Master Capital Services Limited, has filed an application with SEBI for a Mutual Fund license. If approved, the subsidiary will act as the sponsor of an Asset Management Company (AMC) that will be set up to launch mutual fund schemes. The company has earmarked an estimated investment of around Rs. 50 Crores for this new venture. The move is aimed at expanding beyond existing financial services into the mutual fund space, which the company notes has industry assets under management (AUM) crossing Rs. 70 trillion. The license from SEBI is still awaited, and the company has committed to updating the exchanges once the approval is received.
This is a forward-looking growth move that diversifies the company's revenue streams into asset management, but there is no immediate financial impact as SEBI approval is still pending and the AMC has not yet been set up. Shareholders should treat this as a strategic announcement rather than a near-term earnings trigger.