Capitalmind Gets Final SEBI Nod to
Launch Mutual Fund, Bringing Proven Data-Driven Strategies to Retail
Investors
BENGALURU, India – April 14, 2025 – Capitalmind Financial Services Private Limited (Capitalmind Financial
Services) today announced
it has received final approval
from the Securities and
Exchange Board of India (SEBI) to commence its mutual fund operations under the
name Capitalmind Mutual Fund. This landmark approval empowers the investment
manager, known for its quantitative strategies and transparency in Portfolio
Management Services (PMS)
and Alternative Investment Funds (AIF), to offer its distinct
investment philosophy to a broader retail audience across India.
 |
| Deepak Shenoy |
Capitalmind, which manages
over ₹2,000 Crores in assets for more than 1,400 PMS and AIF clients, has built a strong
reputation on disciplined, data-centric investing. The firm pioneered
factor-based investing for Indian High Net-worth Individual (HNI) investors
with its PMS strategies like Adaptive Momentum, which delivered a post-fees
Time Weighted Rate of Return (TWRR)
of 27.06% over five years
ending March 31, 2025. Its commitment to transparency is uniquely demonstrated by publishing daily equity curves for its strategies, calculated per
SEBI norms – a practice uncommon among PMS providers.
"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," said Deepak Shenoy, Founder and CEO of Capitalmind Financial Services. "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."
The newly established Capitalmind Asset Management Private Limited
(Capitalmind AMC) will introduce actively managed funds designed for
differentiation. It plans to leverage proven frameworks from its successful PMS
strategies, including Adaptive Momentum and Surge
India (which delivered a 28.35% post-fees TWRR over five years
ending Mar 31, 2025). The AMC’s offerings
will be rooted in robust quantitative research, disciplined processes, rigorous
risk management, and clear investor communication.
"We always envisioned mutual funds as the ideal vehicle to deliver sophisticated,
rules-based strategies efficiently to retail investors, offering
distinct operational and tax advantages," stated Vashistha Iyer,
COO, Capitalmind Financial Services and Board Member, Capitalmind AMC.
"Our journey, from building our research platform to developing our PMS
and AIF operations entirely in-house, including proprietary technology for
everything from fund accounting to automated trading, has uniquely prepared us. Securing the final mutual fund registration just over seven months after the
in-principle approval highlights our team's execution capability and readiness
to serve investors."
Capitalmind enters the concentrated Indian mutual fund industry (fewer than 50 players)
as a dynamic, tech-forward AMC poised to challenge the status quo. Its entry
coincides with significant market growth, with industry AUM surpassing ₹65 Lakh
Crore and serving over 5.3 crore unique investors. Capitalmind is
well-positioned with its established track record and significant existing
reach – having served over 20,000 investors across its research platform
(Capitalmind Premium), in addition to its PMS/AIF clientele.
Furthermore, the firm boasts a large, engaged digital community
exceeding 4 lakh subscribers across YouTube,
LinkedIn, newsletters, and X (formerly Twitter), and its finance podcast has garnered
over 8.5 lakh downloads. This established ecosystem provides a powerful launchpad
for Capitalmind Mutual Fund.
Anoop Vijaykumar, Head of Equities at Capitalmind AMC, added,
“Investing can seem complex, but our philosophy is built
on clarity and evidence. We combine statistical rigour with a deep understanding
of market context, embedding risk awareness into every step. The mutual fund structure
offers the privilege
and responsibility to serve a vast
investor base. We are committed to being worthy
stewards of their
trust by continuously
refining our quantitative methods and prioritizing long-term investor outcomes.”
Capitalmind plans to launch its initial suite of active equity mutual
fund schemes in the coming months, with intentions to gradually expand its offerings
to include debt, hybrid,
and multi-asset funds.
About Capitalmind
Capitalmind Financial Services
Private Limited (formerly known as Wizemarkets Analytics Private Limited) is a
SEBI-registered investment management firm based in Bengaluru, India. It
operates as a Portfolio Manager (INP000005847) and manages Capitalmind Select
India One, a Category III Alternative Investment Fund (IN/AIF3/23-24/1357). Research
services are provided
by Capitalmind Research
LLP, a SEBI-registered
Research Analyst (INH000014003). Capitalmind AMC is a
wholly-owned subsidiary of Capitalmind Financial Services and will act as the investment manager to Capitalmind
Mutual Fund (MF/084/25/10).
Disclaimer:
Mutual Fund investments are subject to market
risks, read all scheme-related documents carefully. Past performance is not indicative of future results.
The information contained
herein is only for informational purposes and should not be construed as an
offer or solicitation to buy or sell any securities or make any investments.
