A quant upstart muscles into India's hottest fund category

Summary: India’s hottest mutual fund category just got a new challenger. Capitalmind, the maverick firm led by Deepak Shenoy, is launching a Flexi Cap fund driven entirely by algorithms, not star fund managers. Can this quant debut shake up an industry dominated by instincts and institutions? When Deepak Shenoy began blogging about markets in the noughties, he courted geeks, not gurus. Now his Bangalore outfit, Capitalmind, is bringing that spreadsheet sobriety to small investors. On July 18th, it opened subscriptions for the Capitalmind Flexi Cap Fund, its debut scheme. Investors may chip in as little as Rs 5,000 and have until the closing bell on July 28th to do so. Flexi-cap funds, which may wander freely across large-, mid- and small-cap shares, have become the toast of the industry. They pulled in more than Rs 30,000 crore of net inflows in the first half of 2025,