Kissht subsidiary Invincible Minds has received authorisation from the Association of Mutual Funds in India to act as an MF distributor in India
The recently listed lender had earlier outlined plans to expand beyond its core offerings into allied financial services like wealth management, which many fintech players have adopted to diversify revenue streams
Kissht’s net profit jumped 75% to ₹281.5 Cr in FY26 from ₹160.6 Cr in the previous fiscal. Operating revenue for the fiscal zoomed 63% YoY to ₹2,179.3 Cr
Recently listed OnEMI, the parent company of lending tech player Kissht
, has received authorisation from the Association of Mutual Funds in India for its recently incorporated wholly owned subsidiary Invincible Minds.
Receiving the AMFI Registration Number (ARN) will allow the company to act as a mutual fund distributor, with its licence valid from July 13, 2026 until July 12, 2029, according to an exchange filing.
This comes after OnEMI incorporated Invincible Minds under the group company by investing ₹90 Cr last month. The Kissht parent had outlined in its DRHP that it will look to expand financial services offerings beyond lending.
It will now have to complete the necessary empanelment process with asset management companies before it can start distributing mutual fund products to customers.
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Kissht is a lending tech platform that offers personal and business loans of up to ₹5 Lakh digitally. It also offers health-related insurance products and secured loans through loans against property.
The company got listed on the exchanges in May, raising ₹850 Cr via a fresh issue of shares. A large chunk of the fresh capital was set aside for investment in its NBFC Si Creva, with the prospectus also outlining plans to expand offerings to allied financial services offerings, including mutual fund investments.
Kissht’s net profit jumped 75% to ₹281.5 Cr in FY26 from ₹160.6 Cr in the previous fiscal. Operating revenue for the fiscal zoomed 63% YoY to ₹2,179.3 Cr.
With the foray into mutual fund distribution, Kissht has joined a host of fintech companies that have turned to wealth management to diversify their revenue streams. The digital mutual fund market is currently dominated by players Zerodha, Groww and Angel One, many of whom have adopted a direct mutual fund strategy.
Recently, Groww also launched ‘Groww Prime’ to advise customers on mutual fund investments. In a shareholders letter issued on July 15, it claimed to be the largest distribution platform for direct mutual funds in India, with ₹1.9 lakh crore of direct MF assets under management.
At 10:40 IST, shares of Kissht were trading at ₹315.4, down 1.64% from the previous day’s close. The company’s market capitalisation stood at ₹5,295.4 Cr (about $550 Mn).