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
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.
Powered by Capital Market - Live News