Capitalmind Secures SEBI Approval for Launching New Mutual Fund

Capitalmind Financial Services Private Limited, a prominent investment management firm, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to launch a new mutual fund. This significant development marks a strategic expansion for Capitalmind, which already manages over ₹2,200 crore for a diverse client base.

Under Deepak Shenoy’s leadership, Capitalmind has established a strong reputation in the industry, ranking 25th in terms of assets under management (AUM) for discretionary equity strategies. The company’s success can be attributed to its consistent portfolio performance and ability to attract and retain clients.

With over 74.6 crore PAN cardholders in India but only 4.5 crore unique mutual fund investors, there’s a substantial untapped market for investment products. The mutual fund industry has witnessed robust growth in recent years, with AUM increasing at a CAGR of 24 per cent over the past five years.

Capitalmind’s entry into the mutual fund space aligns with this trend and positions the firm to capitalise on the growing demand for investment solutions. Joining a cohort of Bangalore-based asset management companies, including Zerodha Fund House, Groww Mutual Fund, and Navi Mutual Fund, Capitalmind aims to contribute to the vibrant investment landscape in India.

Since its inception, Capitalmind has consistently doubled its AUM each financial year, demonstrating its ability to generate significant wealth for clients. In just under 7 years, the company has created over ₹1,000 crore in wealth for its investors.

“Receiving SEBI’s in-principle approval for a mutual fund is both an honour and a privilege. We are grateful for this opportunity and remain committed to building long-term wealth while maintaining the highest standards of regulatory compliance. Our team has established a solid reputation for excellence in performance, service, communication, and research. We plan to leverage technology, partnerships, and distribution channels to capitalise on India’s robust growth story. We look forward to establishing Capitalmind Asset Management Company to meet SEBI’s final approval requirements,” founder and CEO Shenoy said on receiving Sebi’s in-principle approval.

“We are excited to introduce innovative investing approaches tailored to the evolving needs of Indian mutual fund investors. Our goal is to serve the rapidly growing cohort of 4.5 crore mutual fund investors with exceptional products and services while contributing to the growth of the overall Mutual Fund Industry. We look forward to playing a key role in the financialisation of India by adding value to the rapidly growing ₹64 lakh crore mutual fund industry,” Shenoy added.

“Our commitment to technological and operational improvements has been instrumental in establishing Capitalmind as an industry benchmark for transparency and client-centricity. By building our systems in-house, we’ve ensured that our processes are not only agile but also highly aligned with the evolving needs of our clients. This approach has enabled us to deliver unparalleled service, set new standards in transparency, and maintain the highest levels of regulatory compliance. Our focus on technology has allowed us to stay ahead of the curve, ensuring that our clients receive the best possible outcomes,” said Vashistha Iyer, COO of Capitalmind.

Dreaming of financial freedom? Use our Mutual Fund SIP Calculator to see how regular investments can add up to grow wealth. Take the first step towards your goals. Calculate now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.