Capitalmind Flexi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Capitalmind Flexi Cap Fund Direct Growth Plan currently has a NAV of ₹10.1546 as of 16 Sep 2026, with an AUM of ₹476 Cr. Its 1-year, 3-year and 5-year returns are 1.65%, 0%, and 0% respectively, and the scheme is marked High Risk.
Our view is that this is a fund for investors who can tolerate sharp swings and still stay invested long enough for a differentiated equity strategy to work through market cycles. The current record is still short, so the recent return path matters more than long-run history at this stage.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.1546 as of 16 Sep 2026 |
| AUM | ₹476 Cr |
| Expense Ratio | 0.97% |
| Launch Date | 04 Aug 2025 |
| Min SIP | ₹1,000 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | 1% on or before 12M, Nil after 12M |
| Fund Managers | Anoop Vijaykumar, Prateek Jain, Divyansh Agnani |
The fund is managed by Anoop Vijaykumar, Prateek Jain and Divyansh Agnani.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.01% | -4.41% |
| 3M | 2.77% | -3.6% |
| 1Y | 1.65% | -7.76% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is mixed but not weak in a relative sense. Over one month, the fund fell 2.01%, yet that was still better than the benchmark’s 4.41% decline. Over three months, it turned positive with a 2.77% return while the benchmark stayed negative at -3.6%.
The 1-year figure is modest at 1.65%, but it still compares favourably with the benchmark’s -7.76%. That tells us the fund has protected capital better than the index over the available period, even if absolute gains have been limited.
Because the fund launched only in August 2025, there is no meaningful 3-year or 5-year history yet. That means the current record is too short to judge whether the recent relative strength can be repeated across a full market cycle.
For now, the pattern suggests a fund that has behaved better than the benchmark during a difficult stretch, but without enough history to treat the early compounding path as settled.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Capitalmind Flexi Cap?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Capitalmind Flexi Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Capitalmind Flexi Cap Fund Direct Growth Plan | 1.65% | Data not available | Data not available |
| Edelweiss Equity Savings Fund Direct Growth Plan | 7.48% | 11.08% | 9.43% |
| HSBC Equity Savings Fund Direct Growth Plan | 6.55% | 12.65% | 10.72% |
| WOC Equity Savings Fund Direct Growth Plan | 6.43% | Data not available | Data not available |
| Mahindra Manulife Equity Savings Fund Direct Growth Plan | 5.19% | 9.05% | 8.58% |
| Aditya Birla SL Equity Savings Fund Direct Growth Plan | 4.86% | 7.77% | 6.4% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return trails the stronger peer figures in this set, where several funds are well above 4% and two are above 6%. That means the recent result looks softer than the better peer outcomes, even though it still beat the benchmark.
For longer horizons, the comparison is not fully settled because this fund does not yet have 3-year or 5-year history. Among peers with longer records, the available 3-year and 5-year figures are materially higher, so the current fund does not yet have a comparable long-term track record to match them.
So the short-term peer picture and the long-term peer picture tell different stories: recent relative resilience versus a much shallower own history. That makes the early record useful, but not enough to judge durability on the same footing as the more seasoned funds.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Welspun Corp Limited | Iron & Steel | 5.38% |
| R R Kabel Limited | Electricals | 3.99% |
| The Federal Bank Limited | Bank | 3.98% |
| Bank of Maharashtra | Bank | 3.8% |
| Laurus Labs Limited | Healthcare | 3.6% |
| Torrent Pharmaceuticals Limited | Healthcare | 3.55% |
| Cummins India Limited | Automobile & Ancillaries | 3.5% |
| Karur Vysya Bank Limited | Bank | 3.45% |
| Hindalco Industries Limited | Non – Ferrous Metals | 3.42% |
| The Karnataka Bank Limited | Bank | 3.26% |
The largest holding is Welspun Corp Limited at 5.38%, so no single position dominates the portfolio by itself. The fall from the first holding to the tenth is fairly measured, moving from 5.38% to 3.26%, which suggests the visible core positions are not extremely stretched apart.
The top 10 holdings together account for approximately 37.93% of the portfolio, and the fund has 33 disclosed holdings in total. That points to a portfolio that is spread beyond the biggest names, even though the top positions still carry meaningful influence.
Our view is that this mix may create a balance between stock-specific conviction and diversification across a longer tail of holdings. The presence of banks, healthcare, industrials and metals among the largest positions also means the portfolio may behave unevenly across different market phases rather than moving in one straight line.
To see all holdings, visit the Capitalmind Flexi Cap Fund Direct Growth Plan page
Source data date: as of 16 Sep 2026
Who should invest
This fund suits investors who can handle High Risk and are comfortable with a short track record that has not yet gone through a full market cycle. The early return pattern is better than the benchmark, but the numbers are still too new to treat as a long-established outcome.
It is better viewed by investors with a medium-to-long horizon who can tolerate periods of negative or uneven performance in exchange for the possibility that the portfolio’s stock selection may add value over time. The trade-off is simple: you get a fund that has held up better than the benchmark so far, but you also accept limited history and a portfolio whose larger positions can matter meaningfully.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% if units are sold within 12 months; no exit load after 12 months.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Capitalmind Flexi Cap Fund Direct Growth Plan?
The current NAV is ₹10.1546 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 1.65%, while the 3-year and 5-year returns are Data not available because the fund does not yet have those histories.
How has it performed against the benchmark?
The fund has outperformed the benchmark over the available periods. It returned 1.65% over 1 year versus -7.76% for the benchmark, and it also stayed ahead over 1 month and 3 months.
How does it compare with the peer funds listed here?
Its 1-year return is lower than several of the peer funds shown, while those with longer histories also display stronger 3-year and 5-year numbers. The current fund’s own longer-term track record is still too short for a like-for-like comparison.
Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹1000.
What risk profile and portfolio style does this fund have?
It is marked High Risk. The portfolio’s largest disclosed holding is Welspun Corp Limited at 5.38%, and the top 10 holdings together account for approximately 37.93% of the portfolio.
Bottom line
Capitalmind Flexi Cap Fund Direct Growth Plan has started with a better-than-benchmark showing, especially over the most recent 1-month, 3-month and 1-year windows, but the fund is still too young for a long-cycle verdict. Its peer comparison is mixed: the short-term result is not as strong as several peer funds, while the fund itself does not yet have 3-year or 5-year history for a full comparison.
The High Risk label, the relatively concentrated top holdings, and the short history all matter. This is a fund for investors who can accept early-stage uncertainty and want a portfolio that may be able to add value through stock selection over time.
Published on 17 September 2026 at 10:01 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.