Asian Paints
2480.9 -21.70
Cipla
1559 10.70
Eicher Motors
6927.5 126.50
Nestle India
1204.2 -8.30
Grasim Inds
2843 40.60
Hero Motocorp
5316 27.50
Hindalco Inds.
755.95 2.30
Hind. Unilever
2580.9 -0.10
ITC
413.1 0.45
Trent
5147.5 14.50
Larsen & Toubro
3667.8 81.60
M & M
3608 77.70
Reliance Industr
1405.3 6.00
Tata Consumer
1092.1 -10.50
Tata Motors
713.25 0.35
Tata Steel
172.02 2.79
Wipro
254.01 2.73
Apollo Hospitals
7852.5 36.00
Dr Reddy's Labs
1310.4 9.60
Titan Company
3556.8 22.70
SBI
831.55 6.80
Shriram Finance
618.1 -5.55
Bharat Electron
402.9 4.45
Kotak Mah. Bank
2021.7 50.90
Infosys
1511.3 2.90
Bajaj Finance
1003.25 -6.60
Adani Enterp.
2399.4 16.00
Sun Pharma.Inds.
1610.5 8.50
JSW Steel
1115.2 14.30
HDFC Bank
966.85 -0.20
TCS
3145.7 33.80
ICICI Bank
1421.6 2.20
Power Grid Corpn
288.35 2.10
Maruti Suzuki
15573 308.00
IndusInd Bank
742.25 2.35
Axis Bank
1121.2 16.80
HCL Technologies
1483.1 16.60
O N G C
235.09 2.83
NTPC
335.05 3.95
Coal India
395.8 1.05
Bharti Airtel
1939.5 35.00
Tech Mahindra
1531.5 11.70
Adani Ports
1408.2 13.00
HDFC Life Insur.
774.35 -2.85
SBI Life Insuran
1818.8 -3.40
UltraTech Cem.
12578 143.00
Bajaj Auto
9072.5 47.50
Bajaj Finserv
2080.3 0.30
Eternal Ltd
327.3 4.00
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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