Page 51 - Banking Finance September 2024

ARTICLE

luxurious life in flamboyance, this prospect is now my A couple of years ago during a review meeting she shared
client and we hand held her to design her Investments in that this trees shedding story had hit her hard and that
a fool proof manner with the bucketing strategy, she had significant life and medical coverage and has
been diligently investing in mutual funds without making
Bucket a) Shortlisted schemes for Investing for achieving any withdrawals for her luxurious procurement's or
Short Term Goals with less than 3 year view. frequent getaways and that her investment today has
compounded by 4X and that she is now divorced without
Bucket b) Designed investment plan for achieving medium getting any alimony but no more worried about her sons
term goals with investments in schemes with a holding higher education and her retirement is too on track. I feel
span of 5 years. elated by looking at such achievements of my investors
in the long run.
Bucket c) Lastly with a wealth creation prospective for
Child's Higher Education Goal & Retirement for herself. Always Humbled by such experiences !

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Mid Term Bucket : between above 7 years, Ideally this bucket refers to
List down the goals or objective of investments which fall Growth bucket and impact of the market fluctuation is
between above 3 to 7 years, Ideally this bucket refers to moderately high till 7 years and then reduces to
Balanced Bucket and impact of the market fluctuation is negligence. The investment strategy under this bucket will
moderate. The investment strategy under this bucket will be ideally in equity basket routed through mutual fund or
be ideally in the instruments mixed with bonds, gold, and pms or AIF where fund manager expertise will be there if
equity. Equal ratio or variation up to extra 10 % in each individual is not expertise in investing direct equity. The
asset. The returns expected are 7% to 10% Per Annum. returns expected are more than 12% Per- Annum.

Long Term Bucket : The views expressed by the financial consultant are
List down the goals or objective of investments which fall individual in nature and meant purely to information sharing

Deepak Shenoy’s Capitalmind receives in-principle approval from

Sebi to launch mutual fund

Deepak Shenoy’s investment management company Capitalmind Financial Services has received in-principle approval
from market regulator Sebi to launch a mutual fund. This milestone coincided with the company's 10th anniversary,
according to a press release by the company.
"Receiving SEBI's in-principle approval for a mutual fund is both an honour and a privilege. We are grateful for this
opportunity and remain committed to building long-term wealth while maintaining the highest standards of regula-
tory compliance. Our team has established a solid reputation for excellence in performance, service, communica-
tion, and research. We plan to leverage technology, partnerships, and distribution channels to capitalize on India's
robust growth story. We look forward to establishing Capitalmind Asset Management Company to meet SEBI's final
approval requirements," said Shenoy on receiving Sebi’s in-principle approval.
Deepak Shenoy also outlined Capitalmind's vision stating, "We are excited to introduce innovative investing approaches
tailored to the evolving needs of Indian mutual fund investors. Our goal is to serve the rapidly growing cohort of 4.5
crore mutual fund investors with exceptional products and services while contributing to the growth of the overall
Mutual Fund Industry. We look forward to playing a key role in the financialization of India by adding value to the
rapidly growing Rs 64 lakh crore mutual fund industry."

46 | 2024 | SEPTEMBER | BANKING FINANCE