Master Trust Irage Investment Trust — Master Trust | wisefolio

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Master Trust Irage Investment Trust

Master the Markets

Managed by Master Trust

IN/AIF3/18-19/0552Cat IIIInvestment Manager also runs PMS

Complex or leveraged strategies — long-short, hedge-fund-style and quant funds. Often open-ended, within SEBI leverage limits.

Overview

About

Master Portfolio Services Ltd (MPSL) is a SEBI-registered Portfolio Manager (SEBI PMS Reg: INP000001637, CIN: U67120GJ1994PLC124853) incorporated in Gujarat, with its registered office at 704, 7th Floor, Sears Tower, Opp. Just Dial Tower, Panchvati to Gulbai Tekra Road, Ahmedabad 380009. It is the PMS arm of the mastertrust Group, one of India's leading diversified financial services groups headquartered in Ludhiana, Punjab. The mastertrust Group was founded in 1985 by Mr. Harjeet Singh Arora as Arora Financial Consultants (P) Limited, which was later converted into Master Trust Ltd. (CIN: L65991PB1985PLC006414, listed on BSE) — the flagship listed entity. The group's network spans 24 states with 1,000+ employees and 3,00,000+ client relationships. The group encompasses Master Capital Services Ltd. (Broking & Distribution, NSE/BSE/MCX/NCDEX member), Master Insurance Brokers Ltd., Master Commodity Services Ltd., Master Share & Stock Brokers Ltd., and Master Portfolio Services Ltd. (PMS). MPSL offers two PMS strategies — a long-only equity strategy (mastertrust India Growth Approach, inception October 22, 2011) and a market-neutral arbitrage strategy (mastertrust iRage Absolute Return Approach, inception October 13, 2020). Master Trust Ltd. (the listed parent) received in-principle approval from SEBI in 2025 to sponsor and set up a Mutual Fund. Revenue of Master Trust Ltd. was INR 501 Cr for FY2024.

Investment Philosophy

mastertrust's investment philosophy is rooted in value investing and a strong belief in nurturing an investment culture. MPSL's PMS approach follows a bottom-up research process: each security is evaluated on its fundamentals, and is included or excluded from the portfolio based on its expected risk and return relative to the client's objectives. The primary goal is to outperform market averages consistently, creating long-term wealth while carefully managing risk. The equity strategy (mastertrust India Growth Approach) targets a blend of mid-market securities and large-cap turnaround companies, aiming to beat the BSE 500 TRI benchmark by 5% per annum over the investment horizon through superior risk-adjusted returns. The hybrid strategy (mastertrust iRage Absolute Return Approach) uses sophisticated algorithmic software and automated trade execution to capture mispricing between Nifty Index Futures and constituent Stock Futures, targeting FD+3-4% p.a. after fees with low risk. mastertrust's ethos is 'one point shop for all investment needs,' driven by a relationship-oriented, retail-first approach to value investing.

Team— 7

HS

Harjeet Singh Arora

Executive Chairman & Managing Director

Harjeet Singh Arora is the founder and Executive Chairman & Managing Director of Master Trust Ltd. and the mastertrust Group, which he established in 1985 as Arora Financial Consultants (P) Limited (later Master Trust Ltd.) in Ludhiana. He also serves as Managing Director & Director of Master Capital Services Ltd. and is a Director of Master Portfolio Services Ltd. and numerous other group entities including Master Insurance Brokers Ltd., Master Commodity Services Ltd., Master Share & Stock Brokers Ltd., Arora Financial Services Ltd., and Master Trust Wealth Pvt Ltd., among others. Under his leadership, the mastertrust Group has grown to a network spanning 24 states with over 1,000 employees and 300,000+ client relationships. Revenue of Master Trust Ltd. reached INR 501 Cr in FY2024.

RK

Rajinder Kumar Singhania

Director (Master Trust Ltd.)

Mr. R.K. Singhania (FCA) is a Director of Master Trust Ltd. and an authorized signatory. He has approximately 10 years of experience as Director (Finance) with India's premier Oswal group and is one of the promoters of the mastertrust Group. He has over 25 years of experience in corporate strategy, tax planning, and financial engineering internationally, and has executed M&A deals worth INR 50 billion in FY2005-06 alone. He is a Fellow Chartered Accountant (FCA).

GS

Gurmeet Singh Chawla

Director (Master Trust Ltd.)

Mr. G.S. Chawla is a Director of Master Trust Ltd. and an authorized signatory. He holds a B.E., M.B.A., and D.B.F. and has over 12 years of experience working with a public financial institution, followed by 15 years of experience in capital markets, finance, and related activities. His primary responsibilities include development of the PMS business, advisory & research, merchant banking, insurance broking, and technology initiatives.

HK

Harneesh Kaur Arora

Director & Authorized Signatory (Master Trust Ltd.)

Harneesh Kaur Arora is a Director and authorized signatory of Master Trust Ltd., the listed group parent.

RK

Rajiv Kalra

Director (Master Trust Ltd.)

Rajiv Kalra is a Director of Master Trust Ltd., the listed group parent.

PC

Pawan Chhabra

Director (Master Trust Ltd.)

Mr. Pawan Chhabra (FCA) has approximately 20 years of experience in primary and secondary share markets and merchant banking activities. His primary responsibilities include liaising with SEBI, RBI, NSE, BSE, MCX, NCDEX, and FI/FII business development.

NS

Nitin Shahi

Senior Vice President

Nitin Shahi is a Senior Vice President at mastertrust Group, playing a senior leadership role across the business.