Capitalmind Gets Sebi Nod to Launch Mutual Fund Business

Capitalmind Financial Services announced on Monday that it has received final approval from the Securities and Exchange Board of India (Sebi) to begin operations as a mutual fund under the name Capitalmind Mutual Fund. With this approval, the company is set to expand its investment offerings beyond Portfolio Management Services (PMS) and Alternative Investment Funds (AIF).

Launch Plans and Strategy

The company said it plans to introduce its initial range of actively managed equity mutual fund schemes in the coming months. Over time, Capitalmind aims to diversify into debt, hybrid, and multi-asset fund categories.

“Receiving Sebi’s final nod is a watershed moment, validating our commitment to bringing an investor-first, transparent, and data-driven approach to the wider investing public.

For years, we’ve focused on simplifying investing through disciplined strategies. Launching Capitalmind Mutual Fund is the natural evolution of our mission, enabling us to empower millions more Indians to achieve their financial goals with accessible, rules-based investment products,” said Deepak Shenoy, Founder and CEO of Capitalmind Financial Services, in a statement to PTI.

Current Operations and Reach

Capitalmind Financial Services currently manages over ₹2,000 crore in assets, serving more than 1,400 clients through its PMS and AIF platforms. It also operates Capitalmind Premium, a research and investing platform that has reached over 20,000 investors.

The newly formed Capitalmind Asset Management stated that its mutual fund offerings will be grounded in quantitative research and structured processes. The company highlighted its emphasis on robust risk management and transparent communication with investors.

Industry Context

The mutual fund industry in India has seen considerable expansion in recent years. The total assets under management (AUM) in the sector have crossed ₹65 lakh crore, with more than 5.3 crore unique investors now participating through various schemes.

Capitalmind’s entry into the mutual fund space positions it alongside a growing number of players aiming to meet the demand for diversified, professionally managed investment products.

Conclusion

With Sebi’s final approval in hand, Capitalmind is set to enter the mutual fund industry with plans for equity-focused offerings, followed by expansion into other asset classes. Backed by its experience in PMS, AIF, and investor research, the company aims to bring systematic, rules-based investment options to a wider audience.

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