Capitalmind Multi Asset Allocation Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 21, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Capitalmind Multi Asset Allocation Fund Direct Growth Plan has a NAV of ₹9.9481 as of 18 Sep 2026 and an AUM of ₹39 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and it sits in the High Risk category. Our view is that the fund is still too new for a meaningful long-run track record, so investors should judge it more by its structure, risk profile and early behaviour than by a completed performance history.
The portfolio mixes equities, debt, cash-like exposure and precious metals, which can make it relevant for investors looking for a multi-asset approach within one scheme. The recent return pattern has been weak over both the 1-month and 3-month windows, while the benchmark has also been soft. That tells us the scheme may suit investors who can tolerate near-term swings and are comfortable waiting for a longer history to build.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.9481 as of 18 Sep 2026 |
| AUM | ₹39 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 16 Mar 2026 |
| Min SIP | ₹1,000 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 30D, Nil after 30D |
| 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 18 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.93% | -3.73% |
| 3M | -0.86% | -3.14% |
| 1Y | 0% | 0% |
| 3Y | 0% | 0% |
| 5Y | 0% | 0% |
The short-term record is better read in relative terms than in absolute terms. Over 1 month and 3 months, the fund declined, but it held up better than the benchmark in both windows, which suggests that its early positioning has been less weak than the Nifty 50 over the same stretch.
The daily pattern is not a straight line lower; it shows a phase of mild softness, a brief recovery, and then another setback. That kind of movement is consistent with a newly launched multi-asset portfolio that is still settling into its mix of equity, gold, silver, debt and cash-like assets.
Longer-term return figures are not yet meaningful in practice because the scheme has only recently launched. For now, the important point is that there is no established multi-year compounding record to lean on, so the recent drift matters more than a non-existent long history.
Against the benchmark, the fund has been ahead on the available short windows, even though both have been negative. That is a useful sign of relative resilience, but it does not yet substitute for a proper medium- or long-term track record.
Source data date: as of 18 Sep 2026
Should you BUY or HOLD Capitalmind Multi Asset Allocation?
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 Multi Asset Allocation? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Capitalmind Multi Asset Allocation Fund Direct Growth Plan | Data not available | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
There are no peer return figures available to contrast with this scheme, so the comparison is limited to the fund’s own short-term behaviour. That means the key story remains its early benchmark-relative resilience rather than a broader position versus similar funds. Once a longer live record builds up, the relative view will become more informative.
Source data date: as of 18 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Capitalmind Liquid Fund – Direct-Growth | Domestic Mutual Funds Units | 6.98% |
| Mirae Asset Gold ETF | Domestic Mutual Funds Units – Gold | 5.8% |
| 7.95% Sikka Ports and Terminals Limited (28/10/2026) ** | Corporate Debt | 3.82% |
| 364 Days Tbill (MD 25/12/2026) | Treasury Bills | 3.75% |
| Bajaj Auto Limited | Automobile & Ancillaries | 3.59% |
| Mirae Asset Silver ETF | Domestic Mutual Funds Units – Silver | 3.38% |
| Nippon India ETF Gold Bees | Domestic Mutual Funds Units – Gold | 3.25% |
| Petronet LNG Limited | Inds. Gases & Fuels | 3.22% |
| Glenmark Pharmaceuticals Limited | Healthcare | 3.16% |
| Grasim Industries Limited | Diversified | 3.06% |
The largest disclosed holding is Capitalmind Liquid Fund – Direct-Growth at 6.98%, which is sizeable but not dominant. That matters because the gap from the first holding to the tenth is not extreme; the top ten positions range from 6.98% down to 3.06%, so the portfolio may be distributing risk across several blocks rather than relying on one anchor.
The top ten holdings account for approximately 40.01% of the portfolio, and the scheme discloses 35 holdings in total. That combination suggests a reasonably broad tail beyond the top names, even though the first ten still carry meaningful influence. The notable presence of liquid, gold and silver exposures alongside equities and debt also means the portfolio may behave differently from a plain equity fund.
Because the holding list is spread across multiple asset types and only a little over two-fifths sits in the top ten, the scheme could be less dependent on any single line item than a more concentrated portfolio. At the same time, investors should remember that the fund is still young, so the practical effect of this mix will need more time to show up in live results.
To see all holdings, visit the Capitalmind Multi Asset Allocation Fund Direct Growth Plan page
Source data date: as of 18 Sep 2026
Who should invest
This fund is suited to investors who can handle High Risk and who are comfortable with a fresh scheme that does not yet have a long performance history. The early numbers suggest some short-term resilience versus the benchmark, but not enough history to judge consistency over a full market cycle.
It may appeal to investors with a medium-to-long horizon who want a multi-asset structure rather than a pure equity allocation. The main trade-off is that the portfolio can still move around in the near term, while the benefit is diversification across equity, gold, silver, debt and liquid instruments.
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 on or before 30 days; nil after 30 days.
Source data date: as of 18 Sep 2026
Frequently asked questions
What is the current NAV of Capitalmind Multi Asset Allocation Fund Direct Growth Plan?
The current NAV is ₹9.9481 as of 18 Sep 2026.
How has the fund performed over 1 year, 3 years and 5 years?
The 1-year, 3-year and 5-year returns are 0%, 0% and 0%. The scheme is very new, so these longer periods do not yet reflect a meaningful live track record.
How does the fund compare with the benchmark?
On the available short windows, the fund has done better than the benchmark even though both have been negative. Over 1 month, the fund returned -1.93% versus -3.73% for the benchmark, and over 3 months it returned -0.86% versus -3.14%.
What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.
What is the risk category of this fund?
The fund is classified as High Risk. That fits a portfolio with mixed exposure across equity, debt and precious metals, where short-term movements can still be uneven.
Which are the key holdings in the portfolio?
The largest disclosed holding is Capitalmind Liquid Fund – Direct-Growth at 6.98%, followed by Mirae Asset Gold ETF at 5.8% and 7.95% Sikka Ports and Terminals Limited (28/10/2026) ** at 3.82%. The top ten disclosed holdings together account for approximately 40.01% of the portfolio.
Bottom line
This is a new multi-asset fund with no meaningful long-term return record yet, so the recent short-window resilience matters more than the 1-year, 3-year and 5-year figures. It has held up better than the benchmark in the available short periods, but the live history is still too short to call the pattern established. The portfolio’s mix of liquid, gold, silver, debt and equity exposures may make it useful for investors seeking diversification within one scheme, provided they are comfortable with High Risk and with a young fund that is still building its track record.
Published on 21 September 2026 at 10:16 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.