Capitalmind Mutual Fund Gets SEBI Final Approval
Why in the news
A portfolio management firm led by market commentator Deepak Shenoy cleared the last regulatory step to enter the mutual fund industry.
Key facts
- AMC: Capitalmind Asset Management Private Limited.
- Products: actively managed equity funds based on quantitative, data-driven strategies; debt, hybrid and multi-asset funds may follow.
- Existing business: over ₹2,000 crore under PMS and AIF; flagship strategies Adaptive Momentum and Surge India.
- Technology: trading systems and fund accounting built in-house.
- Reach: 1,400+ PMS/AIF clients, 20,000+ Premium subscribers.
Industry context
- Mutual fund assets exceed ₹65 lakh crore; unique investors exceed 5.3 crore.
- In March 2025 SEBI cut the minimum Social Stock Exchange investment from ₹10,000 to ₹1,000.
About SEBI
| Item | Detail |
|---|---|
| Set up | 1988 (on 12 April); given statutory powers in 1992 |
| Seat | Mumbai |
| Head | Chairman Tuhin Kanta Pandey |
| Ministry | Finance |
Exam angle
- Terms: AMC, PMS, AIF, Social Stock Exchange.
- SEBI regulates securities and commodities markets.