Latest news with #CapitalmindMutualFund
Time of India
6 days ago
- Business
- Time of India
Capitalmind secures Rainmatter investment post successful mutual fund launch
Live Events Rainmatter, the fintech-investment initiative of Zerodha Broking Limited, has made a Series-A investment in Capitalmind Financial Services Private Limited (CFSPL or Capitalmind ), a SEBI-registered portfolio manager known for its quantitative investment is Capitalmind's first institutional funding round and follows its recent launch of a mutual fund business, according to a press Read | MF Tracker: HDFC Flexi Cap Fund turns Rs 10,000 SIP to nearly Rs 21.50 crore in 31 years The investment comes as Capitalmind Mutual Fund 's first scheme, the Capitalmind Flexi Cap Fund , reopens for subscriptions on August 6. The fund's recent New Fund Offer (NFO) successfully raised Rs 45 crore, with a remarkable 75% of assets coming through direct plans, signaling strong investor trust. Notably, nearly half of these direct inflows were facilitated through Zerodha's Coin platform, highlighting the powerful synergy between the two remaining 25% of NFO assets came via regular plans, indicating healthy early adoption from the distribution community, which has responded positively to Capitalmind Mutual Fund's equitable, flat-rate brokerage structure. This marks a notable success for Capitalmind's new channel-friendly approach, a significant expansion from its PMS business where distributors account for less than 3% of clients, the release move formalizes a 15-year relationship between Zerodha's founder Nithin Kamath and Capitalmind's founder Deepak Shenoy , the release was an early advisor to Zerodha, lending his credibility to the nascent platform in 2010. Both companies share a deep-rooted ethos of investor education, with Zerodha's educational ecosystem - spanning the Varsity learning platform, the TradingQnA community forum, and the Zero1 YouTube network - and Capitalmind's long-standing blog, podcast and research services being foundational to their respective communities."We want to back innovative companies that share our mission of helping Indians do better with their money. My conversations with Deepak about finance and technology started back in 2009, and I've always been impressed by Capitalmind's data-driven, transparent approach. This is a financial investment to support them as they build out their asset management company. In line with SEBI regulations, our stake is capped at 10%, and we will not have a board seat, ensuring their independence,' Nithin Kamath, Founder & CEO of Zerodha and Rainmatter."Nithin's work in sparking my interest in quantitative trading years ago was a pivotal moment for me. Having Rainmatter invest in our vision is a powerful validation of our journey from a financial blog to a full-stack asset management firm. This capital allows us to accelerate our mission of filling a crucial market gap. The professional fee-only advisory ecosystem hasn't scaled as hoped, leaving investors to navigate a complex landscape. We aim to bridge that gap through accessible, solution-oriented products, much like the target-date funds discussed in SEBI's recent consultation paper," said Deepak Shenoy, MD & CEO of Capitalmind Asset ahead, Capitalmind is positioning its two core businesses for distinct growth trajectories. The new mutual fund will focus on creating innovative, scalable asset management products for a broad retail audience. Simultaneously, the PMS division will enhance its focus on providing holistic asset allocation for HNI and UHNW clients, primarily using baskets of mutual funds to offer consolidated guidance with the tax efficiency of the MF structure. This PMS strategy already manages over Rs 450 crore in such Read | RBI MPC: What strategy should debt mutual fund investors follow? While Capitalmind currently holds about 0.5% of the PMS industry's discretionary AUM (equity and mutual funds), the firm sees a much larger opportunity in the retail mutual fund the Indian mutual fund industry's AUM projected to grow at a 15% CAGR to reach Rs 200 lakh crore over the next seven years, the potential for scale is immense. Shenoy is confident that Capitalmind Mutual Fund can capture a significantly larger market share in this burgeoning retail segment than it has in the PMS market. Achieving even a 0.5% share of this future industry AUM would translate to a landmark Rs 1 lakh crore in assets under management, underscoring the firm's long-term ambition.
Time of India
04-08-2025
- Business
- Time of India
India's mutual fund industry clocks 7X growth in 10 years, equity funds garner Rs 86K crore in inflows: Motilal Oswal Mutual Fund Study
Live Events The Indian mutual fund (MF) industry stood at an AUM of Rs 74.40 lakh crore as of June 30, marking a more than sevenfold growth over the past decade. Equity commands the largest share at 59.94%, followed by debt at 26.53%, hybrid at 8.28%, and other categories accounting for 5.26%, according to a study by Motilal Oswal Mutual Fund Within equities, broad-based funds emerged as the dominant category, garnering Rs 86,000 crore in net inflows . This segment captured 64% of total equity flows, 55% from active funds and a notable 106% from passive funds , highlighting the growing allocation toward passive equity Read | Nifty slips into consolidation: What is the right strategy for mutual fund investors now? Among active broad-based funds, flexicap led with Rs 15,800 crore, followed by smallcap at Rs 12,000 crore and midcap at Rs 10,800 crore. In the passive space, largecap funds remained the most allocated segment, reflecting a continued focus on blue-chip benchmarks.A key development in the industry has been the steady rise of passive investing, which now accounts for approximately 17% of total AUM. While active funds continue to dominate in absolute terms, the growing share of passive strategies reflects broader adoption of low-cost, transparent, and benchmark-aligned the quarter ending June 2025, total estimated net inflows stood at Rs 39,800 crore. This was largely led by the debt segment, which drew Rs 23,900 crore, reversing the previous quarter's outflows. Equities contributed Rs 1.33 lakh crore, while commodities added Rs 9,000 crore. Active strategies accounted for Rs 36.2 lakh crore of total inflows, while passive funds contributed Rs 36,000 mutual funds , however, experienced net outflows of Rs 2,400 crore, in contrast to Rs 8,400 crore of inflows in the preceding quarter. Despite the overall drop, select themes such as Technology and Business Cycle attracted Rs 1,400 crore collectively, while the Defence theme alone garnered Rs 1,800 crore, reflecting increased allocation to macro-linked resurgence in debt funds was overwhelmingly led by constant maturity strategies, which saw Rs 20,400 crore in net inflows, followed by corporate bond funds, indicating higher institutional allocations amid evolving rate the hybrid segment, multi-asset funds accounted for 57% of the total net inflows within the category. Balanced Advantage Funds and Equity Savings Funds attracted Rs 4,200 crore and Rs 1,400 crore, respectively, indicating continued preference for balanced, risk-adjusted industry also saw active participation in new fund offerings, with 46 NFOs launched during the quarter, collectively mobilising Rs 6,506 crore. A significant portion of these inflows came from five asset management companies, indicating a degree of concentration in fund Read | SIP is always going to be better than an EMI : Deepak Shenoy of Capitalmind Mutual Fund says 'This quarter reflects a notable shift in portfolio allocation – a growing tilt toward well-diversified, resilient portfolios, complemented by a measured return to debt. What's particularly encouraging is the increasing traction seen in passive investing. Indian investors are gradually recognising the structural benefits of passive funds -- simplicity, cost-efficiency, and alignment with market benchmarks,' said Pratik Oswal , Head-Passive Business, Motilal Oswal Asset Management active strategies continue to command investor confidence, particularly in the mid- and small-cap segments, passive funds are steadily emerging as a key component of long-term a broader level, these trends point to an evolving investment environment: One that is more research-driven, risk-aware, and strategically focused. The conversation is no longer just about chasing alpha, but about achieving portfolio stability in an ever-changing economic landscape.
Time of India
04-08-2025
- Business
- Time of India
SIP is always going to be better than an EMI : Deepak Shenoy of Capitalmind Mutual Fund says
Saving for your kids education is primarily to ensure you don't saddle them with debt when they start their careers. A foreign education should assume that the child comes back to India after and will have to work in India. This is also going to cure the misunderstanding that… — Deepak Shenoy (@deepakshenoy) August 4, 2025 Live Events When it comes to securing your child's future, one of the most critical financial goals is funding their higher education and for this, the path you choose — whether systematic investments (SIPs) or education loans with EMIs — can make a big difference but to simply put, a SIP is always going to be better than an EMI is what Deepak Shenoy of Capitalmind Mutual Fund says.A mutual fund SIP helps in building wealth gradually through compounding while keeping you debt-free. An EMI, on the other hand, repays a loan, often with high interest putting financial pressure on you or your child for years to for your child's education isn't just about meeting expenses, it's about ensuring they begin their careers without financial debt Shenoy posted on social media platform X which said, 'Saving for your kids' education is primarily to ensure you don't saddle them with debt when they start their careers. A foreign education should assume that the child comes back to India after and will have to work in India.'Shenoy further adds that when planning for a foreign education is the long-held assumption that studying abroad will automatically lead to permanent settlement. While this may have been easier in the past, it won't last India, there is no personal bankruptcy law which means that if your child takes a loan and is unable to repay it, the liability falls back on you. Bankers can continue recovery efforts for years,Shenoy further came in response to a user who mentioned about a distressed call where a student has taken about Rs 70 lakh ($80K) debt at 12% to get a master's degree in a small college in the US and the problem is the job scene in IT is bad, especially so for foreign students and payments on the loan are starting user urged students and parents to be cautious in borrowing heavily to pursue degrees abroad as borrowing heavily to pursue degrees in India is unwise too.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
30-07-2025
- Business
- Mint
‘More drama in Trump tariff soap opera': Capitalmind CEO Deepak Shenoy as US imposes 25% tariffs on India
Founder of Capitalmind Mutual Fund Deepak Shenoy has reacted to US President Donald Trump's announcement on imposing a 25 per cent tariff and a penalty on Indian goods. In a post on the social media platform X, Shenoy wrote, 'More drama in the Trump tariff soap opera. We're going to see more of this in the coming days.' He further added, 'India and the US don't trade that much in goods, and so we won't trade too much going forward either, because now both countries have higher tariffs on each other.' When one of the users asked about the state of pharmaceutical and chemical exports, Shenoy replied, 'The american importers will have to pay more for them; or they have to go through cycles of approvals for new FDA approved plants elsewhere (sic).' On Wednesday, July 29, US President Donald Trump announced a 25% tariff on India, citing high duties and non-monetary trade barriers. He criticised India's military purchases from Russia, imposed a penalty, and stated that the tariff would be effective from August 1. In a post on his Truth Social account, Trump wrote, 'Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country.' He pointed out that India imports military equipment and oil from Russia, the country responsible for the war in Ukraine, according to Trump. As a result, he intends to impose a 'penalty' on India from Friday onwards. India responded to Trump's tariffs by saying that it was 'studying its implications' and taking steps 'necessary to secure our national interest.' New Delhi also said that it remains committed to 'fair, balanced, mutually beneficial' trade agreement with the US. 'The Government has taken note of a statement by the US President on bilateral trade. The Government is studying its implications. India and the US have been engaged in negotiations on concluding a fair, balanced and mutually beneficial bilateral trade agreement over the last few months. We remain committed to that objective,' the Ministry of Commerce & Industry said.
Mint
18-07-2025
- Business
- Mint
Deepak Shenoy-backed Capitalmind Mutual Fund launches first NFO with flexi-cap scheme. Details here
Capitalmind Mutual Fund, backed by ace investor Deepak Shenoy, launched its first-ever mutual fund — a flexi-cap scheme with a quant-led strategy — on Friday, July 18. The new fund offer (NFO) of the flexi-cap scheme will close on July 28. The fund is an open-ended dynamic equity scheme investing across large-cap, mid-cap and small-cap stocks. The mutual fund is an actively managed, market-cap agnostic equity scheme with a systematic, quantitative investment approach, the Capitalmind Mutual Fund said in a press release. Explaining the rationale behind the stock picking, the mutual fund house said its flexi-cap fund uses a multi-factor approach with momentum at its core, dynamically allocating across stocks from different market capitalisation, with built-in risk management and hedging flexibility. "A key attribute of the Capitalmind Flexi Cap Fund is its design to eliminate behavioural biases and reduce discretionary decision-making in equity allocation. The strategy is rooted in data-led discipline but remains flexible in its execution depending on market cycles. The strategy will also incorporate hedging techniques where necessary to manage downside risk," the release added. The scheme is benchmarked against the Nifty 500 Total Return Index (TRI) and is classified under the 'Very High Risk' category. The minimum initial investment during the NFO period is ₹ 5,000 and in multiples of ₹ 1 thereafter. For Systematic Investment Plans (SIPs), the minimum is ₹ 1,000 per instalment with a minimum of six instalments. Investors can also switch into the scheme with a minimum of ₹ 1,000. An exit load of 1% of applicable NAV applies to investments that are less than one year. The fund is available in the growth option, both Regular and Direct modes. Capitalmind Flexi-Cap Fund will allocate at least 65% to equity and equity-related instruments, and up to 35% in debt securities and money market instruments, with a provision to invest up to 10% in REITs and INVITs. "While the primary allocation will remain in equities, the dynamic nature of the strategy ensures flexibility to reposition during adverse market cycles or volatility spikes using predefined hedging rules," the company said. Deepak Shenoy, CEO, Capitalmind Mutual Fund said, 'Over years of in-house research and real-time execution at CFSL in portfolio management, Capitalmind has developed a proprietary framework that adapts to market momentum, adjusts when that momentum shifts, and applies multi-factor rules to mitigate risk during volatile or uncertain phases'. He further added, 'The Capitalmind Flexi Cap Fund is designed around a rule-based, quantitative approach that minimizes bias and emotion in portfolio construction. Rather than relying on forecasting or market narratives, the strategy uses data-driven factors to guide investments across the full spectrum of market capitalizations; large, mid, and small-cap stocks.' Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
