Capitalmind Financial Services, a Portfolio Management Service (PMS) announced it has received final approval from the Securities and Exchange Board of India (SEBI) to commence its mutual fund operations under the name Capitalmind Mutual Fund.
Capitalmind plans to launch its initial suite of active equity mutual fund schemes in the coming months, with intentions to gradually expand its offerings to include debt, hybrid, and multi-asset funds.
The newly established Capitalmind Asset Management (Capitalmind AMC) will introduce actively managed funds designed for differentiation. It plans to leverage proven frameworks from its successful PMS strategies, including Adaptive Momentum and Surge India (which delivered a 28.35% post-fees TWRR over five years ending Mar 31, 2025).
“Receiving SEBI’s final nod is a watershed moment, validating our commitment to bringing an investor-first, transparent, and data-driven approach to the wider investing public. For years, we’ve focused on simplifying investing through disciplined strategies. Launching Capitalmind Mutual Fund is the natural evolution of our mission, enabling us to empower millions more Indians to achieve their financial goals with accessible, rules-based investment products,” said Deepak Shenoy, Founder and CEO of Capitalmind Financial Services.
“We always envisioned mutual funds as the ideal vehicle to deliver sophisticated, rules-based strategies efficiently to retail investors, offering distinct operational and tax advantages. Our journey, from building our research platform to developing our PMS and AIF operations entirely in-house, including proprietary technology for everything from fund accounting to automated trading, has uniquely prepared us. Securing the final mutual fund registration just over seven months after the in-principle approval highlights our team’s execution capability and readiness to serve investors,” said Vashistha Iyer, COO, Capitalmind Financial Services and Board Member, Capitalmind AMC.
Anoop Vijaykumar, Head of Equities at Capitalmind AMC, said, “Investing can seem complex, but our philosophy is built on clarity and evidence. We combine statistical rigour with a deep understanding of market context, embedding risk awareness into every step. The mutual fund structure offers the privilege and responsibility to serve a vast investor base. We are committed to being worthy stewards of their trust by continuously refining our quantitative methods and prioritizing long-term investor outcomes.”
Capitalmind manages over ₹2,000 Crores in assets for more than 1,400 PMS and AIF clients. The firm pioneered factor-based investing for Indian High Net-worth Individual (HNI) investors with its PMS strategies like Adaptive Momentum, which delivered a post-fees Time Weighted Rate of Return (TWRR) of 27.06% over five years ending March 31, 2025.
