Master Trust Limited has announced a significant development in its financial services portfolio. The company's wholly-owned subsidiary, Master Capital Services Limited, has received in-principle approval from the Securities and Exchange Board of India (SEBI) to sponsor and set up a mutual fund.

Key Details of the Approval

Implications and Next Steps

The in-principle approval marks a crucial milestone for Master Trust Limited and its subsidiary. With this approval from SEBI, Master Capital Services Limited is now positioned to expand its financial services offerings. The company plans to:

1. Establish an Asset Management Company (AMC)
2. Set up a Trustee Company
3. Launch mutual fund schemes, including those in the Specialized Investment Fund category

These steps will be carried out in accordance with SEBI (Mutual Funds) Regulations, 1996 and other applicable regulatory frameworks.

Path to Final Approval

It's important to note that while this in-principle approval is a significant step, it is not the final authorization. Master Capital Services Limited will need to fulfill additional requirements stipulated by SEBI to obtain the final approval for mutual fund registration. The company has committed to complying with all necessary regulatory standards in this process.

Market Implications

This development could potentially reshape the competitive landscape in India's mutual fund industry. For investors, it may lead to a broader range of investment options, particularly in specialized fund categories. However, the actual impact will depend on the types of schemes the new mutual fund introduces and how they perform in the market.

As the financial services sector continues to evolve, moves like this by established players such as Master Trust Limited underscore the growing sophistication and diversification of India's financial markets. Investors and market watchers will be keen to see how this new entrant positions itself in the competitive mutual fund space.

Stakeholders and potential investors should keep an eye on further announcements as the company progresses towards launching its mutual fund operations.

Master Trust Limited , a leading financial services company, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, showcasing performance across its business segments.

Financial Highlights

Segment-wise Performance

Master Trust Limited's diversified business model demonstrated the following performance:

1. Broking & Allied Services: This segment remained the largest contributor, generating revenue of ₹116.95 crore in Q2 FY2026.
2. Interest Income: The company reported interest income of ₹3.52 crore for the quarter.
3. Portfolio Management Services: This segment contributed ₹3.45 crore to the quarterly revenue.
4. Insurance Broking: The insurance broking business added ₹1.40 crore to the top line.
5. Investment/Trading in Securities: This segment reported revenue of ₹1.80 crore for Q2 FY2026.

Balance Sheet Strength

As of September 30, 2025, Master Trust Limited's balance sheet showed:

• Total assets of ₹2,064.12 crore
• Shareholders' equity of ₹755.51 crore
• Cash and bank balances totaling ₹1,542.77 crore

About Master Trust Limited

Master Trust Limited is a comprehensive financial services provider with over 40 years of experience. The company offers a wide range of services including broking, portfolio management, insurance broking, and investment banking. With a presence across 22 states and a network of 53 branches, Master Trust serves over 426,000 registered customers, solidifying its position as a key player in India's financial services landscape.

Conclusion

Master Trust Limited has reported its Q2 FY2026 results, showing a decline in revenue and profit compared to the same period last year. The company's diversified business model and strong balance sheet may position it to navigate the current market conditions in the financial services sector.