Capitalmind Flexi Cap Fund made a decisive April reshuffle, fully exiting Reliance Industries, Bank of Baroda, and L&T Finance. At the same time, it boosted stakes in Titan Company, MCX, NTPC and ONGC, adding new positions including MTAR Technologies, Tata Steel, and Kirloskar Oil Engines. The portfolio expanded to 42 stocks, increasing holdings in 18 names while trimming four others. Despite the activity, the fund’s AUM stood at about Rs 424 crore and it remains modestly down since launch.
Flexi cap mutual funds pulled in a record Rs 10,147 crore in April 2026, even as broader equity inflows fell and SIPs softened amid market volatility. AMFI data shows the category rose 1% from March while still posting its highest monthly inflow ever. Experts say this is less about caution and more about comfort with fund managers’ flexible allocation across large, mid and small caps. Flexi cap also commands 26-32% of equity SIPs recently, with multiple funds delivering double-digit returns.
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Equity mutual fund inflows dipped 5% to Rs 38,440 crore in April, but buying remained broad across categories. Flexi cap funds posted their highest-ever monthly inflow, while smallcap and midcap also attracted strong money. Sectoral and thematic funds, however, saw moderation as investors grew more selective amid market volatility.
As 2026 begins, Indian IT stocks are slipping into “value” territory, drawing flexi-cap funds seeking longer-term bets. At the same time, digital-focused funds are trimming IT exposure and shifting toward higher-risk e-commerce themes. With fund strategies diverging, investors now face a harder question: is the switch signaling opportunity—or masking a potential value trap?
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