Master Trust seeks SEBI nod for launching mutual fund business
, a leading broking and
investment platform
, has applied to the Securities and Exchange Board of India (SEBI) for a
mutual fund
license through its flagship company,
Master Capital Services
Limited. The company seeks to act as the
sponsor
of an asset management company that will, upon
SEBI
's approval, launch mutual fund schemes.
This evolution marks a major leap towards Master Trust's objective of increasing access to professionally managed investment products. The Master Trust group has established a strong footprint in equities, commodities, derivatives, and wealth management, according to a press release.
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The
mutual fund business
will introduce a broad basket of mutual fund equity schemes across various market capitalization, including a multi-asset scheme. The mutual fund will focus on quantitative techniques for fund management as well as a traditional bottom-up approach to generate superior risk-adjusted returns.
These schemes are intended to address the changing financial objectives of both retail and institutional investors. The design of the products will focus on simplicity, affordability, and long-term value creation in the spirit of Master Trust's investor-first approach
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With over 4.2 lakh investors across its client base, Master Trust has continued to deliver transparent, research-driven financial products underpinned by sound digital infrastructure, the release said.
India's mutual fund sector has come to a new stage of growth, with assets under management crossing Rs 70 trillion. Against this background, Master Trust's foray into the segment is well timed to cater to the increasing appetite for
mutual funds
as the primary vehicle of investment.
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With the advantage of having decades of experience in financial services and a technology-based approach, the mutual fund business is poised to add to the existing bouquet of investment services of the firm.
Master Trust is one of the Leading Financial Services Groups with an experience of more than 40 years. It provides a broad range of financial products and services to individuals and corporations. The company offers investors and traders the best user interface and experience nationwide and has grown to an advanced level by providing an online presence of its products and services to its audience.
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