M&G Investments, part of M&G plc with £371 billion in assets under management as of March 2026, has completed a $17 million strategic funding round in Hivemind Digital Group. The investment, announced on August 25, 2026, represents M&G's selective approach to innovation in tokenization and digital asset infrastructure. As part of the deal, Alex Seddon, Head of Impact and Private Equity at M&G Investments, has been appointed to Hivemind's Board of Directors. The funding round also includes participation from CPIC Investment Management (HK), ZA Bank, FalconX, Sonic Boom Ventures and other institutional investors.
According to reports from NDTV Profit, M&G Investments is underweight staples, banks, oil and gas, and IT services while maintaining significant overweight positions in healthcare services and companies benefiting from India's AI infrastructure build-out. Portfolio Manager Vikas Pershad stated that the firm is underweight private-sector banks for the first time in many years, with NBFCs gaining importance in the portfolio. Market returns are increasingly being driven by smaller constituents and off-benchmark stocks, with even recent IPOs outperforming established listed companies. The investment in Hivemind reflects M&G's focus on opportunities where new technologies meet institutional standards and robust governance.
As reported by NDTV Profit, M&G Investments maintains a significant overweight in healthcare services with exposure spanning hospitals, diagnostics, dialysis, and contract development and manufacturing organisations (CDMOs). Pershad cited the potential for sustained high growth in the healthcare segment over the next few years. The firm's India-dedicated strategy remains fully deployed, while regional strategies have gradually reduced their India underweight positions.
According to reports from NDTV Profit, Pershad sees significant opportunities in Indian companies benefiting from the wider AI infrastructure build-out rather than directly operating data centres. He highlighted transformers, transformer oil, cooling solutions, and optical-fibre cable companies as businesses linked to the AI investment cycle. The transition from silicon-based to photonics-based computing is creating demand for optical fibre, with tethered drones now accounting for nearly 20% of optical-fibre cable demand according to Pershad's estimates. M&G is focusing on companies involved in cooling, water treatment, and ultra-pure semiconductor-grade water rather than direct data-centre operators.
As reported by NDTV Profit, M&G Investments underwrites low-to-mid-teens earnings growth for India over the next few years and looks for companies that can materially exceed that rate. Pershad emphasized that winners of yesteryear probably aren't what's going to drive returns on a one to two-year view, with improving earnings, a steadier rupee, and wider gaps between individual stocks creating more opportunities for investors willing to look beyond traditional market leaders. The Hivemind investment aligns with M&G's strategy to support practical, long-term applications across financial markets through tokenization and related infrastructure.
