One97 Communications, which owns the brand Paytm, India’s leading digital payments and financial services company, has today announced that its wholly-owned subsidiary Paytm Money is now offering Deepak Shenoy-founded Capitalmind’s Allcap Momentum portfolio.

Deepak Shenoy founded Capitalmind in 2014, which is a SEBI registered portfolio management service. The firm presently manages over Rs 650 cr in assets and advises on Rs 1,000 cr in its PMS.  Deepak Shenoy who is also the CEO of the firm, has over 20 years of experience of which he spent the last 15 years in the capital markets. The firm takes a quantitative approach towards investing and creates portfolios based on algorithms that have been extensively tested.

The first portfolio being offered by Capitalmind is the Allcap Momentum portfolio which has shown a return of 37% over the last 1 year(1). The portfolio is reviewed monthly and would comprise 25 stocks at any point in time. Stocks are weighted according to their rank and volatility compared to other candidates. Investors will get regular rebalancing updates on the portfolio. Paytm Money users can invest in the Capitalmind Allcap Momentum portfolio by paying a subscription fee.

With its advisory marketplace, Paytm Money in partnership with WealthDesk offers retail investors an opportunity to invest in ideas, themes or trading strategies they believe in with low cost wealth creation strategies, while also removing unnecessary risks. The marketplace has now grown to include 4 advisors and 20 portfolios. Addition of Capitalmind will expand the choices available for Paytm Money users to access high quality portfolios.

Varun Sridhar, CEO of Paytm Money said, “With our advisory marketplace, Paytm Money offers users an opportunity to invest in curated investment portfolios created by subject matter experts. We are expanding the marketplace and are pleased to onboard Capitalmind, founded by Deepak Shenoy, to our list of advisors. Capitalmind’s portfolio will be a great addition to our marketplace.”

Deepak Shenoy, CEO of Capitalmind said, “We are excited to partner with Paytm Money and Wealthdesk to offer our active investing strategies. At Capitalmind, we use quantitatively built algorithms to create portfolios which are extensively designed, tested and managed by us for our customers. Allcap Momentum is among our flagship portfolios and we are pleased to announce that it is now available on Paytm Money and Wealthdesk.”

Ujjwal Jain, Founder and CEO of WealthDesk, said, “As part of our Unified Wealth Interface vision for enabling Broking platforms to expand democratic access to Advisory led WealthBaskets, onboarding Capital Mind portfolios on WealthDesk platform is on those principles to enable Broking customers to have access to best in class Advisory offerings. Paytm Money’s efforts to expand access to wealth solutions to larger Indian market aligns with our long term vision as a Platform enabler.”