Capitalmind's Deepak Shenoy Gets SEBI Nod To Launch Mutual Fund: All You Need To Know

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.

#mutualfund #stockmarket #news

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