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.
Also Read |
Defence sector based MFs rally up to 60% in 3 months. Will the momentum continue?
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
View
Details
»
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Free P2,000 GCash eGift
UnionBank Credit Card
Apply Now
Undo
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
Live Events
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.
Also Read |
Top 10 mutual funds to invest in July 2025
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
19 minutes ago
- Indian Express
RBI bans foreclosure charges on floating rate loans to MSEs: How will it benefit small businesses?
The Reserve Bank of India (RBI) has barred banks, certain non-bank finance companies (NBFCs) and a few more lenders from levying foreclosure charges or pre-payment penalties on floating rate loans granted to micro and small enterprises (MSEs). The banking regulator also directed all regulated entities (RE) not to levy pre-payment penalties on floating rate personal loans. The new regulations are applicable for all loans sanctioned or renewed after January 1, 2026. The Reserve Bank of India has issued directions that commercial banks, tier 4 primary (urban) co-operative bank, non-banking financial companies-upper layer (NBFC-UL), and All India Financial Institutions will not levy any pre-payment charges for all loans granted for business purpose to individuals and small businesses. However, small finance banks, regional rural banks (RRBs) and local area banks have been excluded from the new norms. 'A small finance bank, a regional rural bank, a tier 3 primary (urban) co-operative bank, state cooperative bank, central cooperative bank and an NBFC-ML( medium layer) shall not levy any pre-payment charges on loans with sanctioned amount/ limit up to Rs 50 lakh,' the RBI said. The regulator also said that for all loans granted for purposes other than business to individuals, with or without co-obligant(s), a regulated entity will not levy pre-payment charges. In case of cash credit/ overdraft facilities, no pre-payment charges will be applicable if the borrower intimates the RE of their intention not to renew the facility before the period as stipulated in the loan agreement, provided that the facility gets closed on the due date. The RBI said that an RE will not levy any charges where pre-payment is effected at the instance of the RE. Lenders will have to clearly disclose the applicability of pre-payment charges in the sanction letter and loan agreement. Also, an RE will not levy any charges/ fees retrospectively at the time of pre-payment of loans, which were waived off earlier by it, the RBI said. Apart from the loan categories for which lenders have been directed to stop foreclosure charges, the RBI said that pre-payment charges, if any, will be as per the approved policy of the regulated entities. However, pre-payment charges in case of term loans, if levied by the RE, will be based on the amount being prepaid. The RBI said its supervisory reviews have indicated divergent practices amongst regulated entities with regard to levy of pre-payment charges in case of loans sanctioned to MSEs which lead to customer grievances and disputes. It said certain REs have been found to include restrictive clauses in loan contracts/ agreements to deter borrowers from switching over to another lender, either for availing lower rates of interest or better terms of service. To remove any discrepancies, the RBI removed the pre-payment charges on loans to MSEs. 'Availability of easy and affordable financing to micro and small enterprises (MSEs) is of paramount importance,' the RBI said. Experts believe that removal of foreclosure charges for MSEs will help reduce discrimination between existing and new borrowers. The revised directions will also increase competition between banks, which will benefit MSE borrowers as they will be able to get better pricing on floating rate loans. In the manufacturing sector, micro enterprises are the ones where the investment in plant and machinery does not exceed Rs 25 lakh, while small enterprises are those where investment is more than Rs 25 lakh but does not exceed Rs 5 crore. In the service sector, micro enterprises are those with investments in equipment not exceeding Rs 10 lakh, while small enterprises are those where investments are above Rs 10 lakh but not more than Rs 2 crore.
Time of India
24 minutes ago
- Time of India
Johnson Controls - Hitachi Air announces highest ever dividend of Rs 36/share. Check payment, record dates
Johnson Controls - Hitachi Air Conditioning India on Thursday announced its highest ever dividend of Rs 36 per share for the financial year 2025-26 and has set Wednesday, July 9 as the record date . The interim dividend will be paid on or before July 24, according to a company filing to the exchanges. The news triggered price action in the smallcap counter as Johnson Controls shares jumped nearly 5% to hit the day's high of Rs 1,825. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: Unsold Sofas at Bargain Prices (View Current Prices) Sofas | Search Ads Search Now Dividend history Since 2010, the company has announced 11 dividends since July 2010 and the stock has a dividend yield of 0.85%. In the past 12 months, Johnson Controls has declared an equity dividend amounting to Rs 15 per share, according to Trendlyne data. On all other occasions, it declared dividends of Rs 1.5 per equity share. Johnson Controls share price performance Live Events With a market capitalisation of Rs 4,956.90 crore on the NSE, Johnson Controls shares have been market laggards. The stock has declined 9% over a 1-year period while trading flat in 2025 so far albeit with a negative bias. Johnson Controls–Hitachi Air Conditioning is a joint venture between Hitachi Appliances, Inc. (now Hitachi Global Life Solutions, Inc.) and Johnson Controls, Inc. Hitachi Appliances carved out and contributed its air conditioning business to the Joint Venture. Johnson Controls acquired a 60% stake of the carved-out business and Hitachi Global Life Solutions, Inc. continues as a 40% shareholder of this venture. Also Read: Mahindra & Mahindra, Axis Bank and 2 more Nifty stocks approach record date for dividend. Last day to buy today
Time of India
24 minutes ago
- Time of India
MobiKwik arm gets Sebi nod to operate as stock broker
One MobiKwik Systems broking arm, Mobikwik Securities Broking Private Limited (MSBPL), has received regulatory approval from the Securities and Exchange Board of India ( Sebi ) to act as a stockbroker/clearing member. One MobiKwik Systems wholly-owned subsidiary will now be able to carry on the activities of buying, selling, dealing, clearing and settlement of equity trades. In an exchange filing on Thursday, Mobikwik Securities said that it received Sebi's certificate of registration on Tuesday, July 1. The announcement positively triggered the stock price as One MobiKwik Systems shares jumped nearly 4% to hit the day's high of Rs 250.80 on the NSE. Aslo read: Rs 9,300 crore stake! NSE IPO to unlock massive value for billionaire Radhakishan Damani Live Events Since its inception, MobiKwik has transformed from a digital payments company into a diverse fintech platform. The company operates a consumer payments business with a network of over 17.64 crore users and 46 lakh merchants. The company filing claimed that its credit distribution business is expanding "rapidly" while its wealth distribution vertical is building traction through a diverse product portfolio, including fixed deposits (FDs), mutual funds (MFs), Systematic Investment Plans (SIPs), Digital Gold and Commenting on the development, MobiKwik's Co-founder, MD & CEO Bipin Preet Singh said that the license will strategically position MobiKwik to accelerate growth in its wealth distribution vertical and broaden its offerings throughout the capital markets ecosystem. This will reinforce its transformation into a comprehensive fintech platform, he added. This marks MobiKwik Group's second certificate during the current quarter. Earlier in April, Zaak ePayment Services Private Limited (Zaakpay) received a Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. ETMarkets WhatsApp channel )
