Capitalmind Financial Services is poised to raise Rs 500 crore through its inaugural alternate investment fund. With current assets under management totaling Rs 2,200 crore, the company has received SEBI approval for the new fund, named ‘Capitalmind Select India One’. This fund is specifically designed for sophisticated investors, aiming for substantial long-term wealth appreciation.
The investment manager announced on Thursday its target to raise the significant sum over the next year. Founder and CEO Deepak Shenoy shared that the firm manages Rs 2,200 crore in assets under its portfolio management services.
Having secured SEBI approval for the category 3 AIF, ‘Capitalmind Select India One’, the fund sets a minimum investment amount at Rs 1 crore. This move marks a significant step in the company’s growth strategy and aims to attract a niche group of high-net-worth investors.
The fund offers a diversified, quantitatively managed equity portfolio with active risk management. Shenoy explained that the fund targets investments in 20-40 stocks, ensuring a broad yet focused investment strategy to maximize returns while managing risk effectively.
The company’s statement highlighted that the fund integrates various factors such as momentum, low volatility, and quality into a single pooled vehicle. This comprehensive approach is designed to provide investors with an opportunity for long-term wealth appreciation, aligning with Capitalmind’s commitment to delivering high-value investment solutions.