Capitalmind Mutual Fund has launched the Capitalmind Flexi Cap Fund, which is an open-ended dynamic equity scheme investing across large cap, mid cap & small cap stocks.
The New Fund Offer (NFO) opened on 18 July 2025, and it will close on 28 July 2025, welcoming investors to participate with a minimum lumpsum investment of Rs 5000. The fund is available in the growth option, both regular and direct modes.
Capitalmind Flexi Cap Fund relies on a quantitative core with a human in the loop. The fund would follow a rules-based framework that scans the entire listed universe. When momentum is strong it would lean into it. When conditions change it would shift toward other factors such as low risk, quality, or value if they offer a better risk-reward trade-off. As a flexi-cap fund it can allocate across large, mid, and small-cap stocks in any sector. In rough markets it may add hedges that help soften volatility.
The fund intends to manage the volatility, which is inherent to equity markets and a source of their long-term return, in two ways. First, it would switch between its primary factor, momentum, and alternate factors such as low risk, quality, or value based on quantitative signals. Second, it would hedge part of the exposure when markets are weak. These rules have been tested on fifteen years of data. They aim to reduce drawdowns, not remove them. Over a full cycle the fund expects declines similar to the benchmark while seeking better risk-adjusted returns.
The fund would be managed by Anoop Vijaykumar, who is the head of equity at Capitalmind Asset Management.
The benchmark for the fund is the NSE 500 index, the market-cap-weighted index of India’s largest 500 companies. As an active fund, it would aim to deliver higher risk-adjusted returns than this benchmark. There will still be stretches of one, three, or even five years when the fund trails the benchmark.
Investors should note that an exit load of 1% applies on redemptions made within twelve months of allotment; after that, no exit load will be charged.