Adani Enterp.

2555 35.00

Adani Ports

1407.4 1.20

Apollo Hospitals

7015 -57.50

Asian Paints

2353.6 23.70

Axis Bank

1208.8 -0.30

Bajaj Auto

8482.5 156.50

Bajaj Finance

9167 -21.50

Bajaj Finserv

2033.6 -8.30

Bharat Electron

363.9 13.50

Bharti Airtel

1814 -53.20

Cipla

1499.9 -2.30

Coal India

404.8 0.15

Dr Reddy's Labs

1230.7 -5.60

Eicher Motors

5509.5 43.50

Eternal Ltd

245.76 3.17

Grasim Inds

2804.2 -20.60

HCL Technologies

1659.9 -36.10

HDFC Bank

1934.7 0.90

HDFC Life Insur.

750.55 -0.65

Hero Motocorp

4345.3 20.30

Hind. Unilever

2381.4 26.20

Hindalco Inds.

657.55 -3.80

ICICI Bank

1454 3.20

IndusInd Bank

780.2 -0.30

Infosys

1589.9 -23.10

ITC

435.7 3.05

JSW Steel

1021.8 -16.50

Kotak Mah. Bank

2108.2 1.80

Larsen & Toubro

3604.7 -13.50

M & M

3135.6 -8.70

Maruti Suzuki

12995 43.00

Nestle India

2408.8 10.70

NTPC

343.1 1.15

O N G C

247.27 -0.34

Power Grid Corpn

300.2 0.55

Reliance Industr

1456.4 2.20

SBI Life Insuran

1773.4 -11.20

Shriram Finance

665.5 -9.30

St Bk of India

792.1 -15.65

Sun Pharma.Inds.

1734.9 -5.20

Tata Consumer

1168 20.80

Tata Motors

730.7 2.60

Tata Steel

157.55 0.20

TCS

3561.3 -18.60

Tech Mahindra

1617 -12.10

Titan Company

3633.7 -3.10

Trent

5583 5.50

UltraTech Cem.

11905 11.00

Wipro

254.31 -2.26

Mutual Funds   
MF News
MF News - Detailed News Back
Capitalmind bags SEBI's in-principle nod to launch mutual fund
  18:12 Hrs IST
Investment management firm Capitalmind Financial Services has received the in-principle approval from the Securities and Exchange Board of India (SEBI) to launch its own mutual fund. This marks a significant step for the Bengaluru-based company, which already manages over Rs 2,200 crore in assets through its Portfolio Management Services (PMS).

Deepak Shenoy, chief executive officer of Capitalmind, commented on the 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 financialization of India by adding value to the rapidly growing Rs 64 lakh crore mutual fund industry.

Capitalmind's journey began as a humble blog, where Deepak Shenoy shared his insights on investing and personal finance. The blog evolved into a thriving community, offering equity research, model portfolios, and other valuable resources. In 2017, Capitalmind launched its PMS, followed by an Alternative Investment Fund (AIF) in 2024.

The trifecta of increased investor participation, inflows from active investors, and a booming economy provides strong growth tailwinds to the mutual fund industry, added Shenoy.

As of March 31, 2024, India boasts a staggering 74.6 crore PAN card holders, yet only 4.5 crore unique mutual fund investors, indicating significant untapped potential. The industry has demonstrated rapid growth, with assets under management (AUM) increasing at a 24% compounded annual growth rate (CAGR) over the past five years.

Capitalmind joins a growing list of asset management companies based in Bengaluru, including Zerodha Fund House, Groww Mutual Fund, and Navi Mutual Fund. The Indian mutual fund industry is highly competitive, with 43 players and more vying to enter the space, managing a total of Rs 65 trillion in assets.

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