Deepak Shenoy's Capitalmind Mutual Fund files its first draft document with Sebi for a flexi cap fund
Deepak Shenoy
's
CapitalMind Mutual Fund
has filed its first draft document with
Sebi
to launch a
flexi cap fund
-
Capitalmind Flexi Cap Fund
.
The fund will be an
open-ended dynamic equity scheme
investing across large cap, mid cap and small cap stocks. The investment objective of the fund will be to generate
long-term capital appreciation
by investing predominantly in equity & equity related instruments across market capitalization i.e. large-cap, mid-cap and small-cap stocks.
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It will be benchmarked against
NIFTY 500 TRI
and will be managed by
Anoop Vijaykumar
. The fund will offer regular and direct plans both with growth option only.
For each purchase of units through lumpsum / switch-in / Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), exit load on redemption / Systematic Withdrawal Plan (SWP) / Switch-out, will be as: (i) If units redeemed or switched out within 12 months from the date of allotment – 1% of the applicable NAV (ii) If redeemed/switched out after 12 months from the date of allotment, the exit load will be nil.
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The minimum application amount for lumpsum investment is Rs 5,000 and in multiples of Re 1 thereafter. For SIP, the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter with a minimum of 6 instalments.
The fund will allocate 65-100% in
equity and equity related instruments
of large cap, mid cap and small cap companies, 0-35% in debt securities & money market instruments (including cash & cash equivalents), 0-10% in units issued by REITs and INVITs, and 0-5% in units of mutual fund scheme.
The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and equity-related instruments across market capitalizations. We employ a rule-based active approach using proprietary rule sets developed through an analysis of market, macroeconomic, and fundamental factors.
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'Our equity allocation decisions are data-driven, based on objective market variables, including but not limited to macroeconomic variables, current equity market valuations and interest rates. Final investment decisions will be taken by the Fund Manager(s) based on the data referenced above, but may also be based on specific subjective analysis of underlying securities,' the fund house said in the draft document.
Stock selection and weighting utilize quantitative factor-based methodologies designed to achieve a balanced mix of attributes that support long-term performance within defined risk parameters. A factor represents any quantifiable attribute that significantly explains the risk and/or return characteristics of a security. The Scheme may employ single factors or combinations to enhance diversification and risk control.
According to the draft document, the scheme will be suitable for investors who are seeking - long term wealth creation and investment predominantly in equity and equity related instruments across large cap, mid cap and small cap stocks.
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