Should I invest in Capitalmind's new mutual fund?

Capitalmind's mutual fund foray aims to leverage technology for transparency and improved customer service, as stated by Shenoy. While the product focuses on debt and hybrid investments, which are more tax-efficient, the decision depends on individual financial goals and risk tolerance. The SEBI in-principle approval indicates regulatory compliance, but investors should review the fund's structure and performance metrics like P/E ratios or NAV before committing.

NDTV Profit: Capitalmind's Mutual Fund Foray To Have Quant At Core

Capitalmind Financial Services Founder Deepak Shenoy, following SEBI’s approval to launch a mutual fund, emphasized the importance of technology for enhancing transparency and customer service in the competitive mutual fund space. "We’re able to serve a much larger section of society than a PMS," Shenoy said, adding that the new fund will focus on tax-efficient debt and hybrid investments, with quant forming a core part of its philosophy. Shenoy also expressed optimism about India's market outlook over the next five years, despite concerns about small-cap overvaluation in certain areas.

29 Aug 2024CM Team1 min read

Quick Facts

Should I invest in Capitalmind's new mutual fund?: Capitalmind's mutual fund foray aims to leverage technology for transparency and improved customer service, as stated by Shenoy. While the product focuses on debt and hybrid investments, which are more tax-efficient, the decision depends on individual financial goals and risk tolerance. The SEBI in-principle approval indicates regulatory compliance, but investors should review the fund's structure and performance metrics like P/E ratios or NAV before committing.

NDTV Profit: Product innovation in the highly-competitive mutual fund space is not easy due to regulatory standards, but use of technology for greater transparency and improved customer service is the goal, Capitalmind Financial Services Pvt. Founder Deepak Shenoy said, after receiving in-principle approval from SEBI to launch a mutual fund.

“We wanted to start the mutual fund since a long time,” Shenoy told NDTV Profit on Tuesday. “We’re able to serve a much larger section of the society than a PMS. The idea is to build great level of customer service.

We’ll use lot of technology element to make this attractive and transparent.” Capitalmind, which manages portfolio management services and alternative investment funds, has less room to offer products in debt segment. Mutual funds are more tax efficient for debt and hybrid investments, he said.

(Read more at NDTV Profit)