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Bengaluru based investment management company Capitalmind Financial Services has received SEBI’s in-principle approval to launch MF schemes.
Capitalmind launched PMS and AIF business in 2017 and 2024, respectively and manages AUM of Rs.2200 crore.
In a press release, Deepak Shenoy, CEO of Capitalmind said, "Receiving SEBI's in-principle approval for a mutual fund is both an honor and a privilege. We are grateful for this opportunity and remain committed to building long-term wealth while maintaining the highest standards of regulatory compliance. Our team has established a solid reputation for excellence in performance, service, communication, and research. We plan to leverage technology, partnerships and distribution channels to capitalize on India's robust growth story. We look forward to establishing Capitalmind Asset Management Company to meet SEBI's final approval requirements."
Vashistha Iyer, COO of Capitalmind, emphasized on the company's client-centric approach. He said, "By building our systems in-house, we've ensured that our processes are not only agile but also highly aligned with the evolving needs of our clients. This approach has enabled us to deliver unparalleled service, set new standards in transparency, and maintain the highest levels of regulatory compliance. Our focus on technology has allowed us to stay ahead of the curve, ensuring that our clients receive the best possible outcomes."
