The new fund is aimed at investors looking for high liquidity and low volatility in managing short-term surplus money. With this launch, the fund house broadens its product architecture by adding a component that addresses the “safety and liquidity” segment within diversified portfolios.
Deepak Shenoy, CEO of Capitalmind Asset Management, said the fund fills a structural gap in the firm’s line-up. He noted that liquid schemes play a role in providing short-notice accessibility to money while supporting broader allocation decisions.
Prateek Jain, Head of Fixed Income at the fund house, said the scheme will operate within a tightly defined investment universe and follow established risk controls.
According to him, the fund will focus on instruments with residual maturity of up to 91 days, including Treasury Bills, government securities, commercial papers, certificates of deposit and repos. Jain added that the scheme will target a PRC A1 risk profile with a preference for higher-rated issuers.
Liquid funds remain an evolving segment in India, even as they serve as an alternative to idle balances in current and savings accounts. By adding a liquid scheme, Capitalmind Mutual Fund joins other asset managers offering short-duration debt products designed for efficient cash deployment.
The Capitalmind Liquid Fund is available for subscription under SEBI’s liquid fund category.