Madhu Lunawat Leads India’s First Woman-Founded Mutual Fund for India

Madhu Lunawat, India’s first woman to launch a mutual fund, is changing the way investing works in the country. Her company, The Wealth Company Asset Management, is focusing on small towns like Modinagar, Jamnagar, and Raipur. These are areas that are often overlooked in financial services.

Where Did Madhu Lunawat Start From?

Unlike many companies that start in big cities, Madhu’s journey began in Tier 2 and Tier 3 towns. In 2022, she launched the Bharat Value Fund, which now manages ₹10,000 crore. Her mission is to make sure that small business owners don’t have to travel to metros to raise money. 

Madhu Lunawat’s Journey to Asset Management

Madhu comes from a lower-middle-class family in Assam and is a chartered accountant by training. She worked at Infosys and Edelweiss before co-founding the Pantomath Group in 2013 with her husband, Mahavir Lunawat. On July 18, their new AMC got its mutual fund license.

The Wealth Company Asset Management has filed papers with SEBI to launch three equity schemes—Flexi Cap, Multi-Asset, and Arbitrage Funds—and one Liquid Fund in the debt category. It also plans to launch a Special Investment Fund (SIF) within the next three months, aimed at high-risk, high-return strategies.

Leadership Team at the Wealth Company Asset Management

The AMC has appointed a strong leadership team:

• Prasanna Pathak, Deputy CEO
• Aparna Shanker, CIO – Equity
• Umesh Sharma, CIO – Debt
• Debasish Mohanty, Chief Strategy Officer
• Bhalchandra Joshi, COO

The Trustee Board features respected names like Ram Sewak Sharma (former UIDAI & TRAI chief), Rashmi Verma (ex-Textiles Secretary), and Hemant Bhargava (former LIC Chairman), among others.

Training First, Selling Later

The Wealth Company is not just offering mutual funds. It’s building knowledge. Even before getting its license, it began training financial distributors. Now, it has launched a 15-week Distributor Awareness Programme, aiming to train 5,000 people in its first batch starting August 6. Each course is worth ₹40,000 and covers SEBI’s new SIF guidelines, international wealth management with Moody’s, personality development, and sales skills.

Creating Trust in Finance

Madhu believes that trust is key, especially for first-time investors in smaller towns. She points out that only 6% of Indians invest in mutual funds, and many lose money without proper advice. Her “distributor-first” approach is designed to change that.

Read more: Meet the Man Behind CG Hospitality: Mr. Rahul Chaudhary’s Journey to Building a Global Hotel Empire.

Conclusion

Madhu Lunawat is building more than a mutual fund company. She’s creating a financial movement for Bharat. With a focus on education, trust, and accessibility, The Wealth Company is bringing investing to where it’s needed most.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.