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Economic Times
18-07-2025
- Business
- Economic Times
NFO Insight: Capitalmind Mutual Fund's flexi cap fund opens for subscription. Will it help to manage current market volatility?
Capitalmind Mutual Fund has launched its Flexi Cap Fund, an open-ended dynamic equity scheme investing across market caps, closing on July 28. Deepak Shenoy owned Capitalmind Mutual Fund's latest new fund offer of Capitalmind Flexi Cap Fund is open for subscription and will close on July 28. The fund is an open-ended dynamic equity scheme investing across large cap, mid cap and small cap stocks. The investment objective of this flexi cap fund is to generate long-term capital appreciation by investing predominantly in equity and equity related instruments across market capitalization i.e. large-cap, mid-cap and small-cap stocks. Capitalmind Flexi Cap Fund is benchmarked against NIFTY 500 TRI and will be managed by Anoop Vijaykumar. The fund will offer regular and direct plans both with growth options only. Also Read | Confused between gold and silver? Why not leave it for fund manager to decide We employ a rule-based active approach using proprietary rule sets developed through an analysis of market, macroeconomic, and fundamental factors. '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 of this fund. 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. 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, is: (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 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 typically ask investors to avoid investing in NFOs unless they offer something unique. The uniqueness could be that the scheme is offering an investment option that is not available in the market or offering something extra to an existing option. Otherwise, the experts believe investors are better off with an existing scheme with a long performance record. This is because you have some historical data to base your investment decision. You don't have any data when it comes to new expert while sharing the funds approach for stock selection added that the AMC is a new entrant in the mutual fund industry and the fund doesn't hold any past performance record so choosing from an existing flexi cap fund may be a more prudent approach. Also Read | Stocks, FD or Mutual Funds? Radhika Gupta shares 3 basics to smart investing 'Capitalmind is a new entrant in the mutual fund space, with no existing track record of managing public mutual funds. Since this is a New Fund Offer (NFO), there is no past performance data available, making it difficult to assess the fund's potential risk or return,' Chirag Muni, Executive Director at Anand Rathi Wealth Limited shared this with to the draft document filed with the market regulator by the fund house, the scheme is 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 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 and money market instruments (including cash & cash equivalents), 0-10% in units issued by REITs and INVITs, and 0-5% in units of mutual fund an analysis of the latest market capitalisation of 40 flexi cap funds currently available for continuous sale and repurchase, 37 funds are inclined towards large cap, two are inclined towards mid cap and one is inclined towards small the current volatile market, Chirag firmly says that this is a reasonably good time to consider flexi cap funds, especially for those seeking long-term growth with the potential for alpha generation but it is important to remember that flexi cap funds should not be the only equity allocation in the they are marketed as flexible across market caps, many Flexi Cap funds tend to have a strong bias towards large-cap stocks. Hence, a better approach would be to build a diversified equity portfolio that includes large, mid, and small-cap funds, ensuring a balanced exposure across the market spectrum,' he expert recommends investors to invest in flexi cap funds through SIP as this will allow investors to average out entry points during market volatility. 'SIPs help reduce timing risk and build long-term exposure systematically. While valuations in parts of the market may look stretched, delaying investment completely may lead to missed opportunities. For those concerned about near-term consolidation, continuing or starting an SIP remains a prudent route,' Sagar Shinde, VP Research at Fisdom told of 40 flexi cap funds currently available, 29 funds have a track record of three years in the market. Out of these 29 funds, Motilal Oswal Flexi Cap Fund offered the highest return of 27.32% in the last three years, followed by JM Flexicap Fund which gave 26.74% return in the same period. Parag Parikh Flexi Cap Fund, the largest active fund and flexi cap fund based on assets managed, has offered 23.71% return in the last three years. Samco Flexi Cap Fund gave the lowest return of 7.64% in the last three years. Also Read | Investors pump over Rs 30,000 crore in flexi-cap mutual funds in H1 CY2025. Is all-cap exposure a new favourite? Flexi cap mutual funds have continued to dominate investors' preference by receiving the highest inflows among all equity mutual fund categories in the first half of the current calendar year. In the first half of the current calendar year, the flexi cap funds have received an inflow of Rs 31,532 crore, according to the last data declared by Association of Mutual Funds in India (AMFI). Since March 2025, these funds have continued to receive the highest inflows among all equity mutual fund categories and in the last six months, flexi cap funds have received the highest inflow in May of Rs 5,733.16 crore, the AMFI data at the past performance and the inflow trend, according to Shinde, the outlook for flexi cap funds remains constructive and given their mandate to shift between market caps, they are well-positioned to benefit from sectoral and cyclical shifts.'As markets evolve and valuation gaps emerge across segments, skilled fund managers can take advantage of these opportunities. However, performance will depend on the manager's ability to read market signals and rebalance effectively. Over the medium to long term, flexi cap funds should continue to deliver competitive returns, especially for investors seeking diversification and active management,' he mentioning that flexi cap funds are designed to offer the advantage of diversification and active management and by allowing fund managers the freedom to shift allocations across large, mid, and small-cap stocks, these funds aim to deliver better risk-adjusted returns, the expert from Anand Rathi Wealth said that according to their earnings estimates, the Nifty 50 is expected to deliver an EPS growth of around 10% for FY26. 'We expect this earnings to be reflected in price appreciation as well. Given this, we can expect flexi cap funds to deliver returns in the range of 13–15% over the coming year. Investors can consider investing in flexi cap funds, however, that should not be the sole equity component in your portfolio as they are largely tilted towards large cap stocks which can limit diversification,' Chirag to the Sebi mandate, flexi cap funds should have a minimum investment in equity and equity related instruments of around 65% of total assets and these are open ended dynamic equity schemes investing across large cap, mid cap, small cap cap mutual funds offer the fund managers the freedom to invest across market capitalisations and sectors/themes. It means the fund managers can invest anywhere based on his outlook on the cap schemes are typically recommended to moderate investors to create wealth over a long period of time. Ideally, one should invest in these schemes with an investment horizon of five to seven years. If you are looking for recommendations, see: Best flexi cap mutual funds to invest in July 2025 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
Time of India
18-07-2025
- Business
- Time of India
NFO Insight: Capitalmind Mutual Fund's flexi cap fund opens for subscription. Will it help to manage current market volatility?
Deepak Shenoy owned Capitalmind Mutual Fund 's latest new fund offer of Capitalmind Flexi Cap Fund is open for subscription and will close on July 28. The fund is an open-ended dynamic equity scheme investing across large cap, mid cap and small cap stocks. The investment objective of this flexi cap fund is to generate long-term capital appreciation by investing predominantly in equity and equity related instruments across market capitalization i.e. large-cap, mid-cap and small-cap stocks. Explore courses from Top Institutes in Select a Course Category PGDM Management Others Project Management Digital Marketing Product Management Healthcare Degree healthcare Operations Management Public Policy Leadership others Data Science CXO Technology Finance Data Science MBA Cybersecurity MCA Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details Capitalmind Flexi Cap Fund is benchmarked against NIFTY 500 TRI and will be managed by Anoop Vijaykumar. The fund will offer regular and direct plans both with growth options only. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo Also Read | Confused between gold and silver? Why not leave it for fund manager to decide Fund house comment on new launch We employ a rule-based active approach using proprietary rule sets developed through an analysis of market, macroeconomic, and fundamental factors. Live Events '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 of this fund. Stock selection strategy 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. 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, is: (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. 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. What analysts say about this new flexi cap fund Experts typically ask investors to avoid investing in NFOs unless they offer something unique. The uniqueness could be that the scheme is offering an investment option that is not available in the market or offering something extra to an existing option. Otherwise, the experts believe investors are better off with an existing scheme with a long performance record. This is because you have some historical data to base your investment decision. You don't have any data when it comes to new offerings. An expert while sharing the funds approach for stock selection added that the AMC is a new entrant in the mutual fund industry and the fund doesn't hold any past performance record so choosing from an existing flexi cap fund may be a more prudent approach. Also Read | Stocks, FD or Mutual Funds? Radhika Gupta shares 3 basics to smart investing 'Capitalmind is a new entrant in the mutual fund space, with no existing track record of managing public mutual funds . Since this is a New Fund Offer (NFO), there is no past performance data available, making it difficult to assess the fund's potential risk or return,' Chirag Muni, Executive Director at Anand Rathi Wealth Limited shared this with ETMutualFunds. According to the draft document filed with the market regulator by the fund house, the scheme is 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. 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 and 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. In an analysis of the latest market capitalisation of 40 flexi cap funds currently available for continuous sale and repurchase, 37 funds are inclined towards large cap, two are inclined towards mid cap and one is inclined towards small cap. In the current volatile market, Chirag firmly says that this is a reasonably good time to consider flexi cap funds, especially for those seeking long-term growth with the potential for alpha generation but it is important to remember that flexi cap funds should not be the only equity allocation in the portfolio. While they are marketed as flexible across market caps, many Flexi Cap funds tend to have a strong bias towards large-cap stocks. Hence, a better approach would be to build a diversified equity portfolio that includes large, mid, and small-cap funds, ensuring a balanced exposure across the market spectrum,' he added. Another expert recommends investors to invest in flexi cap funds through SIP as this will allow investors to average out entry points during market volatility. 'SIPs help reduce timing risk and build long-term exposure systematically. While valuations in parts of the market may look stretched, delaying investment completely may lead to missed opportunities. For those concerned about near-term consolidation, continuing or starting an SIP remains a prudent route,' Sagar Shinde, VP Research at Fisdom told ETMutualFunds. Other funds in the flexi cap basket Out of 40 flexi cap funds currently available, 29 funds have a track record of three years in the market. Out of these 29 funds, Motilal Oswal Flexi Cap Fund offered the highest return of 27.32% in the last three years, followed by JM Flexicap Fund which gave 26.74% return in the same period. Parag Parikh Flexi Cap Fund, the largest active fund and flexi cap fund based on assets managed, has offered 23.71% return in the last three years. Samco Flexi Cap Fund gave the lowest return of 7.64% in the last three years. Also Read | Investors pump over Rs 30,000 crore in flexi-cap mutual funds in H1 CY2025. Is all-cap exposure a new favourite? Flexi cap mutual funds have continued to dominate investors' preference by receiving the highest inflows among all equity mutual fund categories in the first half of the current calendar year. In the first half of the current calendar year, the flexi cap funds have received an inflow of Rs 31,532 crore, according to the last data declared by Association of Mutual Funds in India (AMFI). Since March 2025, these funds have continued to receive the highest inflows among all equity mutual fund categories and in the last six months, flexi cap funds have received the highest inflow in May of Rs 5,733.16 crore, the AMFI data said. Way ahead for flexi cap mutual funds Looking at the past performance and the inflow trend, according to Shinde, the outlook for flexi cap funds remains constructive and given their mandate to shift between market caps, they are well-positioned to benefit from sectoral and cyclical shifts. 'As markets evolve and valuation gaps emerge across segments, skilled fund managers can take advantage of these opportunities. However, performance will depend on the manager's ability to read market signals and rebalance effectively. Over the medium to long term, flexi cap funds should continue to deliver competitive returns, especially for investors seeking diversification and active management,' he added. While mentioning that flexi cap funds are designed to offer the advantage of diversification and active management and by allowing fund managers the freedom to shift allocations across large, mid, and small-cap stocks, these funds aim to deliver better risk-adjusted returns, the expert from Anand Rathi Wealth said that according to their earnings estimates, the Nifty 50 is expected to deliver an EPS growth of around 10% for FY26. 'We expect this earnings to be reflected in price appreciation as well. Given this, we can expect flexi cap funds to deliver returns in the range of 13–15% over the coming year. Investors can consider investing in flexi cap funds, however, that should not be the sole equity component in your portfolio as they are largely tilted towards large cap stocks which can limit diversification,' Chirag said. What are flexi cap mutual funds? According to the Sebi mandate, flexi cap funds should have a minimum investment in equity and equity related instruments of around 65% of total assets and these are open ended dynamic equity schemes investing across large cap, mid cap, small cap stocks. Flexi cap mutual funds offer the fund managers the freedom to invest across market capitalisations and sectors/themes. It means the fund managers can invest anywhere based on his outlook on the market. Flexi cap schemes are typically recommended to moderate investors to create wealth over a long period of time. Ideally, one should invest in these schemes with an investment horizon of five to seven years. If you are looking for recommendations, see: Best flexi cap mutual funds to invest in July 2025 ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
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Business Standard
15-07-2025
- Business
- Business Standard
Deepak Shenoy's Capitalmind to launch Flexi Cap Fund: Who should invest?
Capitalmind Flexi Cap Fund: Deepak Shenoy-led Capitalmind Mutual Fund is set to launch the Capital Mind Flexicap Fund, an open-ended dynamic equity scheme investing across largecap, midcap, and smallcap stocks. The new fund offer (NFO) will open on Friday, July 18, 2025 and close on Monday, July 28, 2025. The scheme will track the Nifty 500 TRI, which is also tracked by most of the other flexi-cap funds. 'The composition of the aforesaid benchmark is such that it is most suited for comparing the performance of the scheme,' as per the SID. According to the scheme information document (SID), the investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments across market capitalisation, i.e. large-cap, mid-cap and small-cap stocks. However, there is no assurance that the investment objective of the scheme will be achieved. As per the scheme risk-o-meter, the funds invested in the scheme will be at very high risk. The scheme will offer both direct and regular plans. However, each of the plans will offer only the Growth option. It will also have a common portfolio across both plans. Anoop Vijaykumar will be the designated fund manager for the scheme. He is the chief investment officer (CIO) and equity fund manager at Capitalmind. During the NFO, investors can invest a minimum of ₹5,000 and in multiples of ₹1 thereafter. Through a Systematic Investment Plan (SIP), the minimum investment amount required is ₹1,000 and can be increased in multiples of ₹1 thereafter, with a minimum of six instalments required. According to the SID, if units are redeemed or switched out within 12 months from the date of allotment, a 1 per cent of the Net Asset Value (NAV) will be charged as an exit load. However, no exit load will be charged if units are redeemed or switched out after 12 months from the date of allotment. Capitalmind Flexi Cap Fund: Who should invest According to the SID, the fund is suitable for investors seeking long-term wealth creation and investment predominantly in equity and equity-related instruments across largecap, midcap, and smallcap stocks. However, investors should consult their financial advisors if in doubt whether the product is suitable for them.
Time of India
19-06-2025
- Business
- Time of India
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. Also Read | ITC and Cochin Shipyard among stocks that Quant Mid Cap Fund bought and sold in May Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Vietnam (Prices May Surprise You) Container House | Search ads Search Now Undo 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. Live Events 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. Also Read | Money market funds outshine liquid & overnight funds in May. Time to rethink emergency fund strategy? '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.
Mint
11-06-2025
- Business
- Mint
Asset management stocks rebound as AMFI data shows record AUM; Nomura bullish on HDFC AMC, NAM
Shares of asset management companies (AMCs) staged a modest recovery on June 11, 2025, after facing some profit booking in the previous session. The rebound came even as equity mutual fund inflows fell to a 12-month low in May. The data released by the Association of Mutual Funds in India (AMFI) showed a mixed picture—while equity inflows slipped sharply, overall assets under management (AUM) hit an all-time high. The sector also received a boost from Nomura's reaffirmed bullish stance on leading players HDFC AMC and Nippon Life India Asset Management (NAM India), citing strong growth in AUM and profitability. HDFC AMC rose nearly a percent after dropping 2 percent in the prior session. Similarly, UTI AMC gained 0.8 percent, recovering from a 1.4 percent decline on June 10. However, Aditya Birla Sun Life AMC (ABSL AMC) remained under slight pressure, trading flat to marginally lower. Despite short-term volatility, AMC stocks have shown strong momentum in recent weeks—UTI AMC and ABSL AMC have surged up to 20 percent in the last one month, while HDFC AMC has gained 15 percent over the same period. The initial decline in AMC stocks came after AMFI reported a steep 22 percent drop in equity mutual fund inflows for May, totaling ₹ 19,013 crore, the lowest in a year. However, analysts view this drop as a moment of consolidation rather than cause for concern. Anoop Vijaykumar, Head of Equity at Capitalmind MF, said, 'Even with a 22 percent month-on-month dip, ₹ 19,000-plus crore of fresh equity money marks the 51st straight month of positive flows—a remarkable show of investor discipline since March 2021.' One of the biggest positives from the AMFI data was the continued strength in Systematic Investment Plans (SIPs). Monthly SIP contributions rose marginally to hit a new high of ₹ 26,688 crore, marking a 28 percent year-on-year increase. The rising SIP numbers suggest that retail investors continue to favour disciplined, long-term investing strategies. Moreover, the mutual fund industry's total AUM climbed to a record ₹ 72.20 lakh crore in May, up from ₹ 69.99 lakh crore in April. This milestone is seen as an indicator of the deepening of retail participation in capital markets and the ongoing shift of household savings toward financial assets. Overall, the industry registered net inflows of ₹ 29,108 crore during the month. Adding to the positive sentiment, Japanese brokerage Nomura reiterated its bullish outlook on HDFC AMC and NAM India in a report released on June 10. The brokerage maintained 'Buy' ratings on both stocks, driven by expectations of continued growth in AUM and operating profits. HDFC AMC and NAM have rallied 13 percent and 16 percent respectively in the past month, outperforming the broader market even as overall equity inflows slowed. Nomura analysts Ankit Bihani and Parth Desai highlighted the resilience of SIP flows and improving operating leverage as key tailwinds for these companies. The brokerage has set a price target of ₹ 4,272 for HDFC AMC, supported by its dominance in the high-margin equity AUM segment. For NAM India, the target price stands at ₹ 624, driven by cost efficiency and scalable operations. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
