Shenoy: Capitalmind Must Raise Capital to Meet SEBI Mutual Fund Rules
Deepak Shenoy · Watch This BEFORE Renting Out Your Property In India! | SEBI Manager Deepak Shenoy on The Neon Show · Sep 22, 2023 · at 6:19
Deepak Shenoy, founder of Capitalmind, explains why his historically bootstrapped wealth management firm plans to seek outside funding.
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“We will need to raise some money soon because we are applying to be a mutual fund. And the requirements have just gone up from 50 crores to one 50. So we would have met the 50 crore limit, but we won't meet the one 50. So we'll have to raise external capital”
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