Bengaluru-based investment management company Capitalmind Financial Services has achieved a significant milestone by receiving in-principle approval from SEBI to launch a mutual fund. This approval comes as the company celebrates its 10th anniversary.
Capitalmind, which currently manages over INR 72,200 crore in assets for more than 1,150 clients, has built a strong reputation in the financial services industry. The company has doubled its assets under management every financial year and boasts an impressive 98% client retention rate.
Known for its innovative investment strategies, Capitalmind ranks as the 25th largest Portfolio Management Service by assets in discretionary equity strategies, according to the Association of Portfolio Managers of India. Its Adaptive Momentum investment approach, managed by Anoop Vijaykumar, has delivered a strong CAGR of 31.78% over the past five years.
Capitalmind’s CEO, Deepak Shenoy, expressed his gratitude for SEBI’s approval, stating, “Receiving this approval is both an honor and a privilege. We are committed to building long-term wealth while adhering to the highest standards of regulatory compliance. Our focus remains on leveraging technology, partnerships, and distribution channels to capitalize on India’s growth story.”
Capitalmind’s journey began with factor investing and quantitative methods in portfolio management. The company’s innovative approaches and strong performance have made it a trusted name among retail investors, High Net Worth Individuals (HNIs), and Ultra High Net Worth Individuals (UHNIs). With the SEBI approval, Capitalmind is poised to expand its offerings and continue its growth in the Indian financial market.