India’s first woman AMC founder wants to build a mutual fund empire from Tier-2 India

Person in News: Madhu Lunawat

Title: India’s first woman AMC founder aiming to build a mutual fund empire from Tier-2 IndiaKey Points:

1. Founder & AMC:
   • Founder of The Wealth Company Asset Management (AMC).
   • First woman in India to launch a mutual fund company.
   • Co-founded Pantomath Group in 2013 with husband Mahavir Lunawat.
2. Mission & Focus:
   • Focus on Tier 2 and Tier 3 cities (Modinagar, Jamnagar, Raipur, etc.).
   • Objective: expand mutual fund penetration beyond metros.
   • Distributor-first approach: train & certify investment advisors in smaller towns.
3. Background:
   • From a lower-middle-class family in Assam.
   • Trained as a Chartered Accountant.
   • Worked at Infosys and Edelweiss before launching Pantomath.
4. Achievements:
   • AMC received mutual fund license on July 18, 2025.
   • Filed four schemes across equity and debt; flagship likely a Flexi Cap Fund.
   • Bharat Value Fund (AIF Category II) manages ~₹10,000 crore in assets.
5. Philosophy:
   • Believes in trust as a core value for first-time investors.
   • Focus on financial literacy, guidance, and reducing biases for DIY investors.
   • Notes that mutual fund penetration in India is just 6%.

Significance:

• Breaking gender norms in the Indian mutual fund industry.
• Bringing investment opportunities to underserved regions.
  
  Updated -  July 23, 2025 ;  07:47 PM  | Money Control