Monarch Networth Capital Limited has informed the Exchange regarding a press release dated April 30, 2025, titled "Monarch Networth Capital IFSC Pvt. Ltd. receives Registered Fund Management Entity (Retail) License from IFSCA, GIFT City".
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Monarch Networth Capital Limited informed the exchange about a press release dated April 30, 2025. Its subsidiary, Monarch Networth Capital IFSC Pvt. Ltd., has been granted the Registered Fund Management Entity (Retail) License by IFSCA at GIFT City. This license allows the subsidiary to manage and offer investment funds to retail investors from the International Financial Services Centre platform. The move marks the company's entry into retail fund management operations at GIFT City, expanding its financial services footprint beyond its existing capital market and broking businesses. No financial figures or timeline for fund launches were disclosed in the filing.
This is a positive development for shareholders as it opens a new revenue stream through retail fund management at GIFT City, potentially diversifying the company's income beyond traditional broking. The retail license could attract new customers and institutional partnerships, though actual earnings impact will depend on fund launches and AUM growth in coming quarters.