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Mutual Funds - Reports

21-Apr-2025 16:33

Capitalmind receives SEBI nod to launch mutual fund business

Capitalmind Financial Services has secured final approval from the Securities and Exchange Board of India (SEBI) to launch Capitalmind Mutual Fund, marking its official entry into India's mutual fund space. Known for its data-driven and transparent Portfolio Management Services (PMS) and Alternative Investment Funds (AIF), Capitalmind now aims to extend its rules-based, quantitative investment approach to retail investors.

The company plans to kick off with active equity mutual funds, followed by offerings in debt, hybrid, and multi-asset categories. Its strategies, such as Adaptive Momentum and Surge India, have delivered post-fees returns of over 27.1% and 28.9% respectively over five years, and will form the backbone of the new fund offerings.

Led by founder Deepak Shenoy and COO Vashistha Iyer, the firm is positioning itself as a tech-forward AMC with a strong emphasis on transparency, in-house tech, and quantitative research. Capitalmind manages Rs 2,058 crore for PMS and AIF clients and has an engaged digital community of over 4 lakh followers.

Its entry comes as India's mutual fund industry crosses Rs 65 lakh crore in AUM, and Capitalmind hopes to democratize sophisticated investing with a retail-first, evidence-based philosophy.

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