The Charity Commissioner (CC) has given approval for public trusts to invest in specified Mutual Fund (MF) schemes. As per the circular issued on July 21, 2025 by Maharashtra CC Amogh Kaloti, up to 50% of the trust money may be invested in such securities.
Noshir Dadrawala, chief executive officer of the Centre for Advancement of Philanthropy, told Parsiana, "The state law has been brought more in sync with the central law. The Income Tax Department allowed more investment options than the Maharashtra Public Trusts Act did. Now both laws are reasonably at par.”
He, however, cautioned that though MFs offer a higher rate of returns, they carry "market risks. So, seek good professional help before investing.”
...