Monarch Networth Capital Receives FME (Retail) License to Expand Fund Management at GIFT City

Transforming Financial Services in IFSC

Overview

  • Monarch Networth Capital IFSC has been certified by IFSCA as a Registered Fund Management Entity (Retail) under the FME (Retail) license.
  • This significant recognition authorizes the company to launch and manage retail investment schemes from GIFT City.
  • Notably, Monarch is the first non-AMC from India’s domestic financial sector to receive this approval, boosting broader industry representation at GIFT City.

What this means for Monarch IFSC

  • With the grant of the FME (Retail) license, Monarch IFSC is now empowered to significantly broaden its fund management capabilities.
  • The license enables Monarch to invest in both global and domestic securities and financial products, launch Exchange Traded Funds (ETFs), and manage public offerings of Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), and Family Investment Funds.
  • This strategic approval positions Monarch to introduce a range of innovative, globally competitive investment products tailored to diverse investor needs from its GIFT City base.

Retail & Beyond: Monarch’s Dual Advantage

  • In addition to its retail fund management capabilities, Monarch IFSC is also authorized to undertake a wide range of FME (Non-Retail) functions.
  • This includes the ability to launch restricted schemes and special situation funds, offer Portfolio Management Services (PMS), and operate sophisticated multi-family office structures.
  • This dual capability enhances Monarch’s flexibility and reach, allowing it to cater to both retail and high-net-worth clients with tailored investment solutions from GIFT City.

A strong foundation in AIF Space

  • Monarch Networth Capital brings a robust track record to its GIFT City operations, having built a strong foundation in the Alternative Investment Fund (AIF) space.
  • The Group currently manages approximately ₹900 crore in long-only equity assets under management (AUM) across two schemes under its domestic AIF platform.
  • With over five years of experience in the AIF domain, Monarch is now launching equity-focused offerings from GIFT City to attract foreign investors.

CONCLUSION

  • Looking ahead, Monarch Networth Capital is setting the stage for further expansion by applying for a Mutual Fund license and preparing to launch a suite of equity-focused products from GIFT City in the current fiscal year.
  • With a sharp focus on serving Non-Resident Indians (NRIs) and foreign investors, the Group aims to introduce differentiated investment offerings that align with global expectations.
  • Backed by its strong retail distribution network and deep expertise in the AIF space, Monarch is well-positioned to deliver meaningful value to its growing investor base.

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