Capitalmind PMS Surpasses ₹2,000 Crore in AUM, Demonstrating Exceptional Market Performance

June 25, 2024, Bengaluru, India – In a significant milestone for a SEBI registered portfolio manager, Capitalmind Financial Services Pvt. Ltd. has surpassed ₹2,000 crore in assets under management (AUM). This achievement comes in a span of 6 years and 7 months, highlighting the firm’s rapid growth and effective investment strategies.

Capitalmind’s quant-driven Adaptive Momentum strategy has delivered an impressive annual return of 30.2% over the past five years. Simultaneously, its fundamentally oriented Surge India strategy has yielded a robust 24.2% annual return, significantly outperforming the NIFTY 50’s return of 16.1% and the CNX500’s 18.6% over the same period.

In the past year, both strategies have demonstrated exceptional performance, with returns exceeding 60%, significantly higher than the NIFTY 50’s 26.6%. These achievements underscore Capitalmind’s expertise in navigating diverse market conditions and delivering substantial value to its clients.

Anoop Vijaykumar, Investments & Head of Research, Capitalmind, said “As the longest-running Portfolio Management Service in India to offer a data-driven quantitative investing approach, we are encouraged by the robust results we have delivered for a diverse range of clients. Our AUM recently surpassed ₹2,000 crore, reflecting the trust that our clients have placed in our team and investment strategies.

Our unwavering focus remains on doing what's best for our clients, and we are grateful for the confidence they have shown in us. We are committed to continuously learning and evolving our investment approaches based on rigorous research to drive strong returns while managing risk across market cycles”.

The firm serves a diverse clientele of over 1,200 clients, including individuals, corporates, and Hindu Undivided Families, with a median AUM of ₹99.43 lakh. These clients are based in over 170 cities across India.

Fund Performance and AUM Distribution:

• Adaptive Momentum: Launched in March 2019, it manages over ₹950 crore (47% of Total AUM) with 93% client participation.
• Surge India: Launched in November 2017, it manages over ₹575 crore (28% of total AUM) with 71% client participation.
• Resilient: Launched in September 2021, it manages ₹39 crore (2% of the total AUM) with 15% client participation.

Capitalmind combines data-driven strategies with qualitative research to consistently deliver market-beating returns. The firm offers industry-leading transparency through advanced tools and dashboards, enabling clients to track and manage their investments in real-time.

In addition to its robust active strategies, Capitalmind offers passive investment options under its PMS. These include the All Weather Portfolio, a diversified basket of active and index mutual funds, and the Market Index PMS, a collection of ETFs. Currently managing ₹400 crore in passive products, these options are available at a minimal cost of 25 basis points. These products are particularly advantageous for investors restricted from trading individual stocks due to professional regulations.

Under the leadership of industry veteran Deepak Shenoy, Capitalmind has primarily operated as a direct-to-client model for six years. The firm began associating with distribution partners in January 2024, complementing its robust direct client relationships and investment performance. Capitalmind plans to continue its successful direct model while expanding its distribution partnerships.

Deepak Shenoy, CEO, Founder, Capitalmind, said “Reaching a milestone of ₹2,000 cr. under management is a strong step in Capitalmind’s journey, with market beating returns over 6 years. Our strong emphasis on integrity, transparency and customer service has inspired trust, and the returns are the outcome of a disciplined and focused process of investing. We’re thankful to our customers for their confidence; we grow only when we build wealth for them.

As India grows, our financial markets provide a strong opportunity for generating superior returns. Our quantitative approach and data-backed insights allow us to make well-informed investment decisions to participate in this growth. Markets will keep changing; Capitalmind’s core philosophy is to respond to changes, and change as the times do. Onwards and upwards!”

In addition to directly managed assets in the PMS, Capitalmind advises on assets totaling ₹1,800 crore. The firm has also recently launched a quantitative Category 3 Alternative Investment Fund (AIF) managing ₹50 crore, actively attracting investments from Non-Resident Indians (NRIs). Furthermore, Capitalmind has applied for  a mutual fund licence to broaden its reach among retail investors, emphasising its commitment to enhancing investor portfolios and stakeholder value.

For more information, visit www.capitalmind.in.

About Capitalmind Financial Services Pvt Ltd: Capitalmind is a SEBI-registered Portfolio Management Service offering innovative investment strategies designed to generate superior returns for its clients. Leveraging a combination of quantitative analysis and qualitative research, Capitalmind delivers market-beating performance with industry-leading transparency and client service.