Capitalmind Mutual Fund
A New Age of Quantitative Investing in India
India’s mutual fund industry is witnessing a quiet but meaningful disruption, and leading that change is Capitalmind Mutual Fund, the newly launched AMC backed by Capitalmind’s proven track record in PMS (Portfolio Management Services).
With final SEBI approval granted in April 2025, Capitalmind Mutual Fund promises to bring data-driven, transparent, and tech-powered strategies to the everyday investor.
A New Entrant with Deep Roots
While Capitalmind Mutual Fund is new, the team behind it is anything but inexperienced. Capitalmind has managed over ₹2,000 crore under PMS strategies such as Adaptive Momentum and Surge India, both of which have delivered impressive post-fee returns in the ~27–30% range over five years (as of March 2025). These portfolios are rooted in quantitative models and disciplined execution, now being brought to the mutual fund world.
Their PMS has stood out not only for performance but for transparency: Capitalmind is one of the few firms in India that publishes its equity curves daily, giving investors an unfiltered view into portfolio performance.
What Makes Capitalmind Different?
1. Quant at the Core
Capitalmind’s upcoming mutual fund schemes will be actively managed, but unlike traditional stock-picking funds, these strategies are built on systematic rules—momentum, fundamentals, factor investing, and volatility filters.
2. In-House Technology
From research to fund accounting to trade execution, Capitalmind runs its entire stack internally. This tight integration allows for agility in markets, faster iterations in models, and cost efficiencies that can benefit investors.
3. Transparency & Accountability
Transparency is not a marketing buzzword here. Capitalmind has long practiced public disclosure of strategy logic, drawdowns, and return curves—even when things aren’t going well. This culture is expected to carry into their mutual fund operations.
Product Roadmap
The AMC’s initial offerings are expected to mirror Capitalmind’s flagship PMS strategies:
Adaptive Momentum Fund: A dynamic, trend-following equity strategy designed to ride market strength and cut losses during corrections.
Surge India Fund: A fundamentally driven equity strategy focusing on scalable businesses with improving financials.
More products—including debt, hybrid, and multi-asset strategies—are expected in the next phase.
An Ambitious Bet on India’s Mutual Fund Evolution
Capitalmind’s foray into mutual funds comes at a time when the Indian MF landscape is undergoing a shift. Retail participation is at all-time highs, investors are increasingly seeking rule-based solutions, and passive investing is gaining traction. Yet, most of the MF industry remains concentrated, with fewer than 50 AMCs dominating the market.
In this context, Capitalmind MF aims to be a breath of fresh air—lean, agile, and analytically rigorous. The promise is simple: bring proven, institutional-grade strategies to every investor, and do so with full transparency and integrity.
Final Thoughts
Capitalmind Mutual Fund represents more than just another new AMC. It’s a deliberate attempt to reshape the relationship between fund managers and investors—one where trust is earned through openness, not opacity; and where performance comes from process, not personality.
As its funds go live, retail investors will soon have access to the same strategies that have served Capitalmind’s PMS clients well over the years—but now with lower minimums, daily liquidity, and regulatory protection under the mutual fund umbrella.
It’s a promising development for anyone serious about long-term, process-driven investing.
| Name of the Mutual Fund | Capitalmind Mutual Fund | |
| Date of set up of Mutual Fund | 11-Apr-2025 | |
| Name(s) of Sponsor | Capitalmind Financial Services Pvt. Ltd. | |
| Name of Trustee Company | Capitalmind Trustee Private Limited | |
| Name of Trustees | Mr. Avijeet Sen – Associate Director Mr. Jasnoor Gill – Independent Director Mr. Rakesh Godhwani – Independent Director Mr. Zarin Rahiman – Independent Director | |
| Name of Assest Management Co. | Capitalmind Asset Management Private Limited | |
| Date of Incorporation of AMC | 06-Nov-2024 | |
| Name(s) of Director | Mr. Deepak Shenoy Mr. Samit Singh Mr. Vashistha Iyer Mr. Vinay Kesari | |
| Name of Chief Executive Officer | Mr. Deepak Shenoy | |
| Name of Head of Operations | Mr. Varun Mishra | |
| Name of Head Equity | Mr. Anoop Vijaykumar | |
| Name of Compliance Officer | Mr. Naganandan R M | |
| Name of Investor Service Officer | Mr. Nihit Kshatriya | |
| Address of AMC | Flr 1, #2323, 17th Cross, Prakash Arcade, HSR Layout Sector 1, Bangalore South, Bangalore 560102 | |
| Telephone Number | 080-22442025 | |
| Website | https://www.capitalmindmf.com/ | |
| compliance@capitalmindmf.com | ||
| Name(s) of Auditors | M M Nissim & Co. LLP | |
| Name(s) of Custodian | Deutsche Bank AG | |
| Name(s) of Registrar and Transfer Agent | KFIN Technologies Limited |
Are you considering investing in Capitalmind MF’s new offerings? Keep an eye out for fund details, NFO announcements, and performance disclosures in the coming weeks.