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Capitalmind Financial Services has launched ‘Capitalmind Select India One’, a long bias multi factor fund in Category III AIF.
The fund will invest across market capitalization and sectors and combine multiple factors such as momentum, low volatility and quality for stock selection. The fund will hold from 20 to 40 stocks in its portfolio and will use a mix of systematic hedging positions and cash-calls to mitigate downside risk.
The fund aims to raise Rs.500 crore in a year. Deepak Shenoy, Founder and CEO, Capitalmind Financial Services said, “The use of AIF will only grow as markets provide more opportunities to the less understood areas for capital allocation. As Capitalmind, we believe there is room for investors to access aggressive portfolio strategies through our quantitative factor-oriented approach to our now-liquid equity markets. We want our customers to make money while they sleep and for that we must remain alert, focused and awake.”
Vashistha Iyer, Chief Operating Officer, Capitalmind Financial Services, said, “The success of our adaptive momentum approach in the PMS format has paved the way for this AIF. We're excited to offer a multifactor strategy that aims to deliver robust returns across various market conditions.”