Deepak Shenoy’s Capitalmind MF clocks ₹600 crore AUM a year after launch, eyes mid- and small-cap funds

Capitalmind Mutual Fund has completed a year of operations with assets under management of around ₹600 crore across four schemes, as of July 31, 2026. The fund house said it had more than 13,000 investors across 1,300 cities and towns.

The mutual fund began operations with the Capitalmind Flexi Cap Fund, whose units were allotted on August 4, 2025.

It has since expanded its portfolio to four schemes covering equity, multi-asset allocation, arbitrage and liquid funds.

According to the fund house, 36% of its individual investors were from B30 locations, or areas outside the top 30 cities identified by the Association of Mutual Funds in India (AMFI). Direct plans accounted for 84% of its assets under management.

Capitalmind said its schemes follow different investment approaches, rather than a single strategy across the fund house. Its existing offerings include factor-based and trend-following approaches, while it plans to consider more fundamentally driven strategies as it expands.

“We’re not wedded to one style of investing; wealth can be built in different ways,” Deepak Shenoy, founder of Capitalmind and chief executive officer of Capitalmind Asset Management, said.

The fund house said it plans to explore fundamentally driven equity schemes in the mid-cap and small-cap categories later this financial year, subject to internal and regulatory approvals. It also plans to consider hybrid schemes focused on asset allocation and portfolio implementation.

The company said its next phase will also involve expanding distribution through platforms and advisers, alongside efforts to improve investor onboarding and servicing.

Capitalmind currently offers the Flexi Cap Fund, Multi Asset Allocation Fund, Liquid Fund and Arbitrage Fund.

The schemes cater to different investment objectives and asset classes, with the liquid fund focused on short-term debt and money-market instruments, while the other schemes offer exposure to equity, commodities or arbitrage opportunities.

Vashistha Iyer, executive director at Capitalmind Asset Management, said the fund house’s focus in its second year would be on expanding its product range while strengthening systems, operations and servicing capabilities.