Monarch Networth Capital Limited has informed the Exchange about receipt of certificate of registration to "MONARCH INDIA GROWTH FUND" as a Foreign Portfolio Investor ( FPI )
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Awaiting price reaction for this filing.
Monarch Networth Capital Limited has received a Certificate of Registration from SEBI for its new fund, 'Monarch India Growth Fund', as a Foreign Portfolio Investor (FPI) under Category I (registration no. INIGFP103925). The fund will be managed by Monarch Networth Capital IFSC Private Limited, a subsidiary of the company. This enables the fund to invest in Indian markets as a registered foreign portfolio investor. The move is part of the company's expansion of its fund management business through its IFSC subsidiary.
Positive for the company as it expands its fund management business and opens a new revenue stream through FPI inflows managed by its IFSC subsidiary. Short-term stock price impact is likely limited as the scale of inflows remains to be seen.