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SEBI data shows that three new players will launch their MF business in the coming months. These include Capitalmind Financial, Jio BlackRock and The Wealth Company (formerly known as Pantomath Capital).
All the three players have already received an in-principal approval. In fact, Capitalmind Financial has received a final approval to launch schemes while the other two await the same.
While the management of Jio Blackrock could not be reached till the time of writing this article, Cafemutual talked to the senior management of the other two players to know what investors and distributors can expect from them.
Deepak Shenoy, Founder, Capitalmind Financial Services said that the newly approved fund house is planning to launch active equity schemes first and then venture into debt and hybrid asset classes. He shared that Capitalmind also plans to use its quantitative, data-led approach for stock selection, which the company uses in their PMS and AIF schemes. The AMC manages assets of over Rs. 2,000 crore in PMS and AIF business.
Prasanna Pathak, Managing Partner, The Wealth Company said that the AMC is planning to launch a flexi-cap fund first after receiving the final approval. The AMC also plans to launch a liquid fund and a few hybrid funds like balanced advantage and multi-asset allocation fund. The fund house also has a long-term plan of entering SIFs due to its background in PMS and AIFs.
Currently, The Wealth Company is managing Rs. 10,000 crore including AIF, PMS and advisory.
