Capitalmind Flexi Cap Fund
The fund has deliberately shifted away from mega-cap defensive plays like Reliance toward mid-cap cyclicals in metals, shipping, and industrial equipment, signaling conviction in an economic recovery narrative. The overweight to non-ferrous metals and new positions in steel and aluminium producers suggest the manager expects margin expansion and capex momentum. The exit of large financial holdings and aggressive pruning of cash-like positions indicate the manager is rotating into growth at a potentially stretched valuation, betting on earnings delivery rather than multiple re-rating.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹9.9488 | +0.41% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Tata Steel Limited | 2.64% |
| Anand Rathi Wealth Limited | 2.47% |
| NMDC Limited | 2.41% |
| Kirloskar Oil Engines Limited | 2.11% |
| Vedanta Aluminium Metal Limited **# | 1.76% |
| Malco Energy Limited **# | 0.17% |
| Talwandi Sabo Power Limited **# | 0.17% |
| Vedanta Iron And Steel Limited **# | 0.11% |
| 364 Days Tbill (MD 25/12/2026) | 1.90% |
| MTAR Technologies Limited | 1.92% |
| ABB India Limited | 2.83% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HSBC InvestDirect Financial Services (India) Limited (08/06/2026) ** INE790I14GZ8 | 4.21% |
| 2 | Capitalmind Liquid Fund - Direct-Growth INF226401034 | 3.60% |
| 3 | The Federal Bank Limited INE171A01029 | 3.51% |
| 4 | Hindalco Industries Limited INE038A01020 | 3.45% |
| 5 | Coal India Limited INE522F01014 | 3.17% |
| 6 | National Aluminium Company Limited INE139A01034 | 3.15% |
| 7 | State Bank of India INE062A01020 | 3.14% |
| 8 | The Great Eastern Shipping Company Limited INE017A01032 | 3.14% |
| 9 | Cummins India Limited INE298A01020 | 3.13% |
| 10 | NTPC Limited INE733E01010 | 2.98% |
| 11 | ABB India Limited INE117A01022 | 2.83% |
| 12 | Titan Company Limited INE280A01028 | 2.82% |
| 13 | Bharat Forge Limited INE465A01025 | 2.81% |
| 14 | Torrent Pharmaceuticals Limited INE685A01028 | 2.73% |
| 15 | Tata Steel Limited INE081A01020 | 2.64% |
| 16 | Anand Rathi Wealth Limited INE463V01026 | 2.47% |
| 17 | NMDC Limited INE584A01023 | 2.41% |
| 18 | Ashok Leyland Limited INE208A01029 | 2.32% |
| 19 | Embassy Office Parks REIT INE041025011 | 2.25% |
| 20 | Indian Bank INE562A01011 | 2.17% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Capitalmind Flexi Cap Fund hold?
Capitalmind Flexi Cap Fund holds 50 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 17.94% of NAV.
What is the largest holding in Capitalmind Flexi Cap Fund?
The largest position in Capitalmind Flexi Cap Fund is HSBC InvestDirect Financial Services (India) Limited (08/06/2026) **, accounting for 4.21% of NAV in the CRISIL A1+ sector.
Is Capitalmind Flexi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.280, Capitalmind Flexi Cap Fund is well-diversified. The HHI concentration index is 24,537 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 17.94% of the portfolio.
What is the market cap allocation of Capitalmind Flexi Cap Fund?
Based on SEBI's AMFI classification, Capitalmind Flexi Cap Fund's equity portfolio is split as: Large Cap: 43.66%, Mid Cap: 24.81%, Small Cap: 12.55%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Capitalmind Flexi Cap Fund invest in most?
Capitalmind Flexi Cap Fund has the highest allocation to Banks (14.35%), Non - Ferrous Metals (8.36%), Pharmaceuticals & Biotechnology (7.98%). The fund is invested across 25 sectors in total.
How actively managed is Capitalmind Flexi Cap Fund compared to other Flexi Cap Fund funds?
Capitalmind Flexi Cap Fund has an Active Share of 80.89%, classifying it as "Highly Differentiated" among 41 Flexi Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Capitalmind Flexi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Capitalmind Flexi Cap Fund added 11 new stocks (including Tata Steel Limited) and exited 9 stocks (including Reliance Industries Limited). Total holding count increased from 49 to 51 stocks.