Context:
Capitalmind Financial Services, founded by market commentator and portfolio manager Deepak Shenoy, has received final approval from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business under the Capitalmind Mutual Fund brand.
Key Highlights:
- New AMC:
Operations will be managed through Capitalmind Asset Management Private Limited (Capitalmind AMC). - Investment Strategy:
Capitalmind will offer actively managed equity funds that use quantitative, data-driven strategies. - Track Record:
- Capitalmind currently manages ₹2,000+ crore in assets through its Portfolio Management Services (PMS) and Alternative Investment Fund (AIF) structures.
- Flagship strategies include Adaptive Momentum and Surge India, both known for delivering robust post-fee returns over the past 5 years.
- Tech-first Approach:
- Entire tech stack built in-house, including automated trading systems and fund accounting.
- Maintains daily equity curve transparency, aligning with its reputation for rules-based, investor-first strategies.
- Investor Base:
- Over 1,400 clients in PMS and AIF
- 20,000+ subscribers to Capitalmind Premium
- 4 lakh+ social media followers and 8.5 lakh podcast downloads
- Leadership Outlook:
Anoop Vijaykumar, Head of Equities, emphasized simplifying retail investing through accessible, transparent, and performance-driven products.
Future Plans:
- Initial mutual fund offerings will focus on equity schemes.
- Expansion plans include debt, hybrid, and multi-asset funds in the future.
Sector Context:
- India’s mutual fund industry now manages over ₹65 lakh crore in assets, with 5.3 crore+ unique investors.
- SEBI continues to promote financial inclusion. For instance, in March 2025, it reduced the minimum investment in Social Stock Exchange (SSE) from ₹10,000 to ₹1,000, enabling wider participation.
About SEBI:
- Established: 12 April 1988 (Statutory status in 1992)
- Headquarters: Mumbai
- Chairman: Tuhin Kanta Pandey
- Regulates securities and commodities markets under the Ministry of Finance, Government of India
Capitalmind’s foray into mutual funds marks a significant shift, leveraging its successful PMS legacy into a retail-friendly mutual fund space—with transparency, tech, and performance at its core.
