Kissht Enters Mutual Fund Distribution

Kissht has launched its entry into the mutual fund distribution sector through its fully owned subsidiary, Invincible Minds Private Limited, which recently acquired an AMFI Registration Number (ARN). The company announced to the stock exchanges that Invincible Minds received an official notice from the Association of Mutual Funds in India (AMFI) on July 14, confirming the ARN grant. This registration is effective from July 13, 2026, to July 12, 2029.

Expansion Beyond Lending

This development comes shortly after Kissht established Invincible Minds as its wholly owned subsidiary on June 17, with the purpose of broadening its financial services portfolio beyond its primary lending operations. With the AMFI registration in hand, Invincible Minds is now authorised to function as a mutual fund distributor, pending the necessary empanelment with asset management companies. This initiative enables Kissht to provide investment options in tandem with its established credit solutions.

About Kissht

Founded by Ranvir Singh and Krishnan Vishwanathan, Kissht began as a digital lending platform that offers personal loans and consumer credit. Over time, the company has diversified its financial service offerings while cultivating a substantial consumer base across India.

Industry Trends in Fintech

This strategic move aligns with a growing trend among fintech firms that are branching out from lending into wealth management. Numerous fintech platforms have begun offering investment products such as mutual funds to enhance customer engagement, broaden cross-selling avenues, and establish additional revenue channels through fees.

Future Plans

Kissht has not yet provided details on when it plans to commence its mutual fund distribution services or the asset management firms it will collaborate with. Nevertheless, the AMFI registration signifies the company’s first structured advancement into the wealth management domain.

Company Listing and Market Position

Kissht is publicly traded on both the BSE and NSE and revealed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. As of 9:44 AM, the company’s shares were priced at Rs 314.55, reflecting a total market capitalisation of Rs 5,304 crore (approximately $564 million).