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Deepak Shenoy
Founder and CEO at Capitalmind
Deepak Shenoy is the Founder and CEO of Capitalmind, a prominent investment management firm based in Bengaluru, India. With over two decades of experience in the investment and stock market sectors, he has established himself as a respected voice in the industry. Capitalmind focuses on providing personalized portfolio management services and employs quantitative strategies to manage investments, boasting over ₹2,058 crores in assets under management (AUM) as of recent reports.34
Career Highlights
- Capitalmind: Founded in 2014, the firm aims to make investing accessible to Indian investors through data-driven strategies and a transparent approach. Shenoy leads the company in managing various investment portfolios, including the Surge India and Market Index strategies.13
- Previous Ventures:
Expertise and Contributions
Deepak Shenoy is known for his insightful analyses of market trends and economic conditions. He frequently shares his expertise through various media outlets, including CNBC-TV18 and ET Now, and has authored the book Money Wise, which aims to simplify investing concepts for both novice and seasoned investors.24 His approach emphasizes disciplined investment processes over speculative predictions, advocating for a long-term perspective on wealth accumulation.35
Philosophy
Shenoy's investment philosophy centers around minimizing risk while maximizing returns through well-researched strategies. He believes that understanding market dynamics is crucial for effective investing and often cautions against holding excessive cash during bullish market conditions.25
In summary, Deepak Shenoy's leadership at Capitalmind reflects his commitment to transforming wealth management in India through innovative strategies and transparent practices.
Highlights
Think about it: 67% of all Nifty 500 stocks are down more than 20% from their all time highs.
Read this article for data driven analysis of market breadth.
There's a rule by the RBI. If you have 50% of your assets are "financial assets" (including mutual funds, shares etc but FDs are ok) and "financial" income is more than 50% (dividends, capital gains, interest etc but not FD interest)
Then you were supposed to register with the RBI as an NBFC.
This creates a problem for a "friends and family" fund structure created as a company. You can pool in money together, and use that to invest - in startups, in public markets, in bonds, whatever. But since most of the income and assets are financial, you need registration with RBI as an NBFC!
What RBI has done today is to remove that requirement if you're less than 1000 cr. in assets, and don't have any customer interface or take money from the public. Great to create new funds that are primarily pooled family or friend vehicles in India.
This will eventually create competition of us, as a mutual fund, but I would say this: let a 1000 fund managers bloom.
India doesn't have as many privately held funds as we should. Our family offices usually invest in each family member's name, separately, because a collective investment would trigger NBFC clauses. A few people that come together to invest shouldn't have to do something as gargantuan as an RBI registration.
Very progressive. Early stages yet. But it will benefit the investment attitude in the country.




