- Ashish Kacholia ruled out launching his own mutual fund, answering "Never" on social media
- He praised existing mutual fund managers, specifically naming Vikas Khemani as a good option
- India's mutual fund assets reached Rs 82.64 lakh crore in September 2026 with 28.62 crore folios
Ace investor Ashish Kacholia has ruled out launching his own mutual fund. Asked by a social media user when he planned to enter the industry, Kacholia replied with a one-word answer: "Never."
In a post on X, the user said investors were eagerly waiting for Kacholia to launch a mutual fund of his own.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Kacholia said there were several good mutual fund managers in the industry, naming his friend Vikas Khemani among them.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
@rose82_sandeep Never. There are many good mutual fund managers including my good friend @vikaskhemani . Please consider investing in his recently launched small cap fund @carnelian_asset . Standard standard disclaimers apply, please consult your financial advisor etc etc
— Ashish Kacholia (@LuckyInvest_ARK) November 1, 2026
His response comes as India's mutual fund industry continues to grow, with total assets under management reaching Rs 82.64 lakh crore in September 2026, according to the latest monthly data released by the Association of Mutual Funds in India.
The industry had 28.62 crore investor folios, including 21.82 crore retail-oriented folios. It had 1,995 schemes across open-ended, closed-ended and interval funds.
Systematic investment plan (SIP) contributions stood at Rs 32,490 crore during September. The industry had 10.06 crore contributing SIP accounts, with SIP assets under management of Rs 17.86 lakh crore.
ALSO READ | SEBI To Make Direct Mutual Funds Default From November 1: How Much Can You Save On A Rs 5,000 SIP?
Systematic investment plan (SIP) contributions stood at Rs 32,490 crore during the month, with 10.06 crore contributing SIP accounts. The industry's SIP AUM stood at Rs 17.86 lakh crore.
The size of the mutual fund industry provides context to the interest in fund management, even as Kacholia has made it clear that launching a fund of his own is not on his agenda.
Ashish Kacholia's Recommendation
Instead of launching a fund himself, Kacholia suggested that investors consider a recently launched small-cap fund from Khemani's asset management firm, Carnelian Asset Management.
"Please consider investing in his recently launched small-cap fund," Kacholia wrote.
He also asked investors to consult their financial advisors before making investment decisions.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
