Capitalmind Liquid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Capitalmind Liquid Fund Direct Growth Plan closed at ₹1,053.9684 as of 16 Sep 2026, with scheme AUM of ₹98 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund sits in the Balanced Risk category.

Our view is that this is still a very early-stage liquid fund with little return history to judge, so the more useful cues are its low expense ratio, short launch record and portfolio mix. The current holdings are tilted toward cash-like instruments and near-dated debt, which supports liquidity, but the benchmark comparison and peer return comparison suggest the fund has not yet built a visible performance edge.

Quick facts

Particular	Details
NAV	₹1,053.9684 as of 16 Sep 2026
AUM	₹98 Cr
Expense Ratio	0.0%
Launch Date	28 Nov 2025
Min SIP	₹1,000
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Liquid
Exit Load	0.007% for Day 1, 0.0065% on Day 2, 0.0060% on Day 3, 0.0055% on Day 4, 0.0050% on Day 5, 0.0045% on Day 6, NIL on or after 7D
Fund Managers	Prateek Jain, Anoop Vijaykumar

The fund is managed by Prateek Jain and Anoop Vijaykumar.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.52%	-4.41%
3M	1.61%	-3.6%
1Y	0%	Data not available
3Y	0%	Data not available
5Y	0%	Data not available

The short-term picture is better than the benchmark, which has been weak over both 1M and 3M. The fund’s own 1M and 3M readings are positive, so it has held up better than the comparison index in the near term, even though the absolute gains are modest.

Longer-term interpretation is limited because the scheme has only been launched on 28 Nov 2025, so the 1Y, 3Y and 5Y rows do not yet tell a mature compounding story for this fund. That makes the recent track record more important than a long horizon comparison, and on that basis the fund has shown stability rather than strong upside.

For a liquid fund, the key question is usually consistency, and the available pattern suggests restrained movement rather than sharp swings. The benchmark’s recent declines also mean the fund has not needed to show aggressive outperformance to look steadier in the near term.

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Capitalmind Liquid?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Capitalmind Liquid Fund Direct Growth Plan	0%	0%	0%
Aditya Birla SL Liquid Fund Direct Growth Plan	6.59%	7.02%	6.41%
Axis Liquid Fund Direct Growth Plan	6.59%	7.01%	6.4%
Sundaram Liquid Fund Direct Growth Plan	6.58%	7%	6.38%
JioBlackRock Liquid Fund Direct Growth Plan	6.57%	Data not available	Data not available
Nippon India Liquid Fund Direct Growth Plan	6.56%	6.99%	6.37%

The current fund’s short-term reading is far below the peer set values shown here, while the peer funds with available longer-horizon figures are all in the mid-6% to low-7% range. That means the gap is visible both in recent and longer-dated comparisons, although the fund’s own age limits how much we can read into the zero figures.

Among the available peer data, the 3Y and 5Y numbers for established liquid funds sit close to one another, which suggests a fairly steady return band rather than a wide dispersion. Against that backdrop, this fund’s near-term steadiness looks more like a starting point than a completed performance record.

In other words, the short-term story and the longer-term peer picture point in different directions: the fund has stayed calm, but the available peer set has already built a clearer return profile. That is important for investors who want a liquid fund judged more by consistency than by headline upside.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	42.39%
6.97% Government of India (06/09/2026)	Government Securities	10.18%
Small Industries Dev Bank of India (06/11/2026) ** #	Certificate of Deposit	9.56%
7.95% Sikka Ports and Terminals Limited (28/10/2026) **	Corporate Debt	7.64%
Union Bank of India (27/10/2026) ** #	Certificate of Deposit	7.06%
6.72% Indigrid Infrastructure Trust (14/09/2026) **	Corporate Debt	5.09%
7.98% Bajaj Housing Finance Limited (09/09/2026) **	Corporate Debt	5.09%
Bank of Baroda (16/09/2026) ** #	Certificate of Deposit	5.08%
HDFC Bank Limited (10/09/2026) #	Certificate of Deposit	5.08%
Indusind Bank Limited (22/09/2026) ** #	Certificate of Deposit	5.07%

The largest holding is Clearing Corporation of India Ltd at 42.39%, which is substantial for a single line item and likely to have a meaningful influence on day-to-day portfolio behaviour. The weight then drops to 10.18% in the next holding and stays in a much tighter band around 5% to 10% across the rest of the top 10.

That pattern suggests the portfolio is concentrated in a few very large positions rather than spread evenly across the visible holdings. Because the top 10 account for approximately 100% of the portfolio and the fund discloses 16 holdings in total, the disclosed book appears fairly compact, even though there is still a longer tail beyond the largest names.

For a liquid fund, this mix may help keep the portfolio anchored in highly liquid instruments and near-dated debt. At the same time, the large cash-like holding means the portfolio’s behaviour may be influenced heavily by one dominant sleeve rather than by a broad spread of small positions.

To see all holdings, visit the Capitalmind Liquid Fund Direct Growth Plan page

Source data date: as of 16 Sep 2026

Who should invest

This fund may suit investors who want a liquid allocation with a Balanced Risk profile and can accept that the fund is still very new. The useful horizon is short to medium term, because the scheme has not yet built a long published track record.

The main trade-off is between liquidity and proven performance history: the portfolio looks conservative and current returns have been steady, but the available longer-term comparisons are not yet available for the fund itself. Investors who value stability over aggressive return-seeking may find the structure more relevant than the headline return record.

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 applies on a declining scale from Day 1 to Day 6: 0.007% on Day 1, 0.0065% on Day 2, 0.0060% on Day 3, 0.0055% on Day 4, 0.0050% on Day 5, and 0.0045% on Day 6. There is no exit load on or after 7D.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Capitalmind Liquid Fund Direct Growth Plan?

The current NAV is ₹1,053.9684 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%.

How has the fund compared with the benchmark recently?

The fund has been positive over 1M and 3M, while the benchmark has been negative over both periods. That means the fund has held up better in the short term.

How does it compare with the peer funds shown here?

The peer funds shown here have 1Y returns in the mid-6% range, with established names also showing 3Y and 5Y returns around 7% and 6.3% to 6.4%. This fund’s published figures are still too early to build a full long-term comparison.

Is there a minimum SIP requirement?

Yes. The minimum SIP amount is ₹1,000.

Who manages the fund and what is the exit load?

The fund is managed by Prateek Jain and Anoop Vijaykumar. Exit load declines from Day 1 to Day 6 and becomes nil on or after 7D.

Bottom line

Capitalmind Liquid Fund Direct Growth Plan looks like a young liquid fund with a stable near-term pattern, but not yet a meaningful long-term record of its own. Against peers, the available return figures are clearly lower, while the benchmark comparison is more favourable in the short run. The portfolio is anchored by one very large cash-like holding and several near-dated debt and CD positions, which supports liquidity. That makes it more relevant for investors who value stability and liquidity over a developed performance history.

Published on 17 September 2026 at 12:58 PM 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.