Capitalmind Multi Asset Allocation Fund
Capitalmind Mutual Fund · Best Multi Asset Allocation Mutual Funds
This is the Direct plan of Capitalmind Multi Asset Allocation Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.
Not enough Multi Asset Allocation peers to rank yet
Volatility 7.4% vs 10.0% category avg
0.9% expense vs 0.9% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Less volatile than its Multi Asset Allocation peers (7.4% vs 10.0%)
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Multi Asset Allocation)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.53% | -3.58% | -0.95% |
| 3M abs | -1.83% | -1.48% | -0.35% |
| 6M abs | -3.68% | +4.20% | -7.88% |
| 1Y CAGR | — | +5.78% | — |
| 3Y CAGR | — | +14.26% | — |
| 5Y CAGR | — | +13.09% | — |
Category average across peers in Multi Asset Allocation (up to 36 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
6 monthly installments of ₹10,000 into Capitalmind Multi Asset Allocation Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Recent changes
Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.
- Expense ratio down: 0.98% → 0.90%02 Oct 2026
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity66.57%
- Other19.42%
- Debt8.83%
- Cash & Equivalents5.18%
Cash & cash-like: 10.73% — the 5.18% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹31.48Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
AMC Profile
Capitalmind Mutual Fund is run by Capitalmind Asset Management, which grew out of the Capitalmind research and portfolio-management business founded by Deepak Shenoy. It is a small house with a quantitative, rules-based bent.
Fund Managers
AVAnoop VijaykumarStart date not disclosed
Over B.E (Mumbai University), MBA (Indian School of Business)
Over 20 years of professional Capitalmind experience. Anoop has been of associated with Capitalmind since 2019. He has been the PMS Fund Manager and head of Investment Research at Capitalmind PMS for the last 6 years. Prior to joining Capitalmind, Anoop has worked in senior management positions in MNCs like Microsoft and Honeywell. As a management consultant with Kearney, he has advised large corporations across sectors corporate growth strategy, operations and margin improvement.
PJPrateek JainStart date not disclosed
CFA - (CFA Institute USA), M Com - (Mumbai University), BMS - (Mumbai University)
Dealer at Invesco Asset Management, responsible for liquid and overnight funds, portfolio duration and asset allocation, yield-curve trading, daily cash-flow management, and regulatory risk monitoring. He earlier worked as Fixed-Income Dealer at PNB Asset Management Company, assisting in debt-fund management, executing trades in government securities, corporate bonds and money-market instruments, and preparing daily portfolio and compliance reports. Previous roles include Fixed-Income Origination at Taurus Corporate Advisory Services., handling private placements of debt instruments and institutional relationships, and Risk Officer in Prime Brokerage Services at Edelweiss Capital
DADivyansh AgnaniStart date not disclosed
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Capitalmind in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Capitalmind Flexi Cap Fund - Direct Plan Portfolio
The Economic Times · 4d ago
Capitalmind Flexi Cap Fund adds Divi’s Laboratories, Bajaj Auto and 3 other stocks in August
The Economic Times · 17d ago
Mutual Fund Summit: Indian equities shrug off global risks, but can mutual fund investors count on...
Moneycontrol.com · 19d ago
Respond, Don’t Predict - Why Capitalmind Mutual Fund Is Rethinking the Way Investors Navigate Markets
Moneycontrol.com · 01 Sep 2026
Capitalmind Flexi Cap Fund exits Vedanta and 10 others; adds 9 stocks
The Economic Times · 20 Aug 2026
Aggressive MF investing depends on risk appetite, not age, says Capitalmind's Deepak Shenoy
CNBC TV18 · 20 Aug 2026
'Building wealth isn't the goal': Deepak Shenoy’s investment advice for mutual fund SIPs goes viral
Livemint · 18 Aug 2026
Capitalmind MF’s fund strategy: Four schemes now, mid- and small-cap funds next
Business Today · 14 Aug 2026
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Multi Asset Allocation funds
Multi asset funds spread money across at least three asset classes — typically equity, debt and gold — each at 10% or more. The mix aims to reduce the impact of any one asset having a bad year.
From the blog
Frequently asked questions
What is the NAV of Capitalmind Multi Asset Allocation Fund?
As of 01 Oct 2026, the NAV of Capitalmind Multi Asset Allocation Fund is ₹9.62 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Capitalmind Multi Asset Allocation Fund delivered?
Capitalmind Multi Asset Allocation Fund has returned -3.82% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Capitalmind Multi Asset Allocation Fund?
Capitalmind Multi Asset Allocation Fund charges an expense ratio of 0.89% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Capitalmind Multi Asset Allocation Fund?
Capitalmind Multi Asset Allocation Fund's largest holdings are Capitalmind Liquid Fund - Direct-Growth (7.0%), Mirae Asset Gold ETF (5.8%), 7.95% Sikka Ports and Terminals Limited (28/10/2026) (3.8%), 364 Days Tbill (MD 25/12/2026) (3.8%) and Bajaj Auto Limited (3.6%). Holdings are disclosed monthly and change over time.
How risky is Capitalmind Multi Asset Allocation Fund?
Capitalmind Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 7.4% and its worst peak-to-trough fall in our sample was -6.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Capitalmind Multi Asset Allocation Fund?
Capitalmind Multi Asset Allocation Fund is benchmarked against the (50% NIFTY 500 TRI + 25% NIFTY Composite Debt Index + 25% MCX iCOMDEX Composite Index). (As per AMFI Tier I Benchmark). Its alpha and beta on this page are measured against that index.
Who manages Capitalmind Multi Asset Allocation Fund?
Capitalmind Multi Asset Allocation Fund is managed by Anoop Vijaykumar, Prateek Jain and Divyansh Agnani at Capitalmind.
How is Capitalmind Multi Asset Allocation Fund taxed?
Capitalmind Multi Asset Allocation Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.