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SEBI Grants Approval to Capitalmind Financial Services to Launch Mutual Fund Operations.

Banking & Finance | Dated: 22 Apr 2025

In April 2025, Bengaluru (Karnataka)-based Capitalmind Financial Services, founded by Deepak Shenoy, received approval from the Securities and Exchange Board of India (SEBI), headquartered in Mumbai (Maharashtra), to commence operations as Capitalmind Mutual Fund under Capitalmind Asset Management Private Limited (Capitalmind AMC).

🎯 Key Highlights:

  • - This approval enables Capitalmind to expand its financial offerings beyond Portfolio Management Services (PMS) and Alternative Investment Funds (AIF).

💡 Other Important Facts:

  • (i) Capitalmind AMC plans to launch actively managed equity schemes based on proven quantitative models like Adaptive Momentum and Surge India, which have shown consistent post-fee performance over the past five years.
  • (ii) Currently, the firm manages over Rs 2,200 crore in assets under management (AUM) for more than 1,400 clients, maintaining a 98% annual client retention rate.

📚 Test Your Knowledge:

Which organization recently granted approval to Capitalmind Financial Services to launch its mutual fund business?

Correct Answer: SEBI

🚀 Quick Recap:

About SEBI

  • Chairperson: Tuhin Kanta Pandey
  • Headquarter : Mumbai