Launch · Financial Services

Kissht parent gets AMFI registration for mutual fund arm

By Startup Enthusiast · 17 July 2026

What they do

Kissht offers digital personal and business loans up to ₹5 lakh

Parent OnEMI received AMFI registration for subsidiary Invincible Minds to distribute mutual funds

The move follows Kissht's May 2026 IPO and plans to expand beyond lending into wealth management

Kissht parent OnEMI received AMFI registration for its subsidiary Invincible Minds to distribute mutual funds.
The registration number (ARN) is valid from June 17, 2026 to July 12, 2029.
OnEMI invested ₹90 crore in Invincible Minds in June 2026.
Invincible Minds must complete empanelment with asset management companies before starting distribution.
Kissht listed on exchanges in May 2026 and raised ₹850 crore via a fresh issue.
The IPO proceeds were partly set aside for investment in NBFC Si Creva.
The prospectus outlined plans to expand into allied financial services including mutual fund investments.

Kissht joins fintechs diversifying into wealth management for additional revenue streams.
The digital mutual fund market is dominated by Zerodha, Groww, and Angel One using a direct mutual fund strategy.
Groww launched 'Groww Prime' to advise on mutual fund investments.

Kissht offers digital personal and business loans up to ₹5 lakh.
It also offers health insurance products and secured loans against property.
Kissht's operating revenue for FY26 was ₹2,179.3 crore, up 63% year-on-year.
Net profit for FY26 was ₹281.5 crore, up 75% from ₹160.6 crore in FY25.
Kissht's market capitalisation is ₹5,295.4 crore (about $550 million).

Invincible Minds will complete empanelment with asset management companies before starting mutual fund distribution.
Kissht plans to expand into allied financial services including mutual fund investments.