Monarch Networth Capital Receives SEBI Approval for Mutual Fund Business
Mumbai, April 2, 2026 – Monarch Networth Capital Limited (MNCL) has received final registration from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business through its subsidiary, Monarch Networth Asset Management Company. This approval marks a milestone in Monarch's development as a fully integrated financial services platform.The new mutual fund will operate under the name ‘Monarch Mutual Fund.’ Monarch Asset Management Private Limited, a wholly owned subsidiary of MNCL, has also received SEBI approval to act as the Asset Management Company (AMC) for ‘Monarch Mutual Fund.’
India’s mutual fund industry has experienced significant growth, with assets under management (AUM) exceeding ₹80 lakh crore and continuing to expand. This opportunity is supported by increasing retail participation and a shift towards formal investment products.
Integrated Platform and Financial Performance
Monarch has built a diversified financial services platform including retail broking (over 3 lakh registered clients), institutional broking, Alternate Investment Funds (AIF) with approximately ₹1,000 crore AUM, and Portfolio Management Services (PMS).The company's financial performance reflects disciplined execution and value creation, with Profit After Tax (PAT) growing from ₹2 crore in fiscal year 2019 to ₹135 crore in the first nine months of fiscal year 2025.
Investment Philosophy
Monarch intends to apply its research-driven investment philosophy to its mutual fund platform, emphasizing disciplined capital allocation and long-term wealth creation.According to Mr. Vaibhav Shah, Managing Director, Monarch Networth Capital Limited, "The receipt of the Mutual Fund license is a significant step in Monarch's evolution as a comprehensive financial services platform. This enables us to deepen our engagement with clients by offering a wider range of investment products tailored to their needs.”
About Monarch Networth Capital Limited
Monarch Networth Capital Limited provides financial services including retail broking, institutional broking, investment banking, asset management (AIF & PMS), and mutual funds. The company focuses on delivering research-driven, client-centric investment solutions.Source:
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