Capitalmind Flexi Cap Fund Cuts HDFC Bank, ICICI Bank, Bharti Airtel Stake; Adds BPCL and Federal Bank

Capitalmind Flexi Cap Fund reduced its exposure to several large-cap stocks in February as part of its portfolio rebalancing strategy. According to the monthly portfolio disclosure, the fund sold 16,330 shares of Bharti Airtel, 8,710 shares of HDFC Bank, and 3,870 shares of ICICI Bank during the month.

At the same time, the fund increased its stake in 14 stocks across sectors. The largest addition was in Bharat Petroleum Corporation Limited (BPCL), where the fund added 93,820 shares, raising its total holding to around 2.10 lakh shares in February compared with 1.17 lakh shares in January.

Key Additions to the Portfolio

Apart from BPCL, the fund also increased its exposure to several banking and industrial companies. It added 51,680 shares of Federal Bank, 16,305 shares of Indian Bank, and 13,000 shares of Ashok Leyland.

The fund made smaller additions to Muthoot Finance by purchasing 1,900 shares during the month.

Several new stocks were also introduced to the portfolio, including JK Tyre & Industries, APL Apollo Tubes, Indus Towers, and The Great Eastern Shipping Company. Among these additions, the fund bought 1.54 lakh shares of Karur Vysya Bank, 1.04 lakh shares of Indus Towers, and 67,286 shares of Shriram Finance.

Stocks Where the Fund Made a Complete Exit

During February, the fund exited six stocks entirely from its portfolio. The largest exit was from Bajaj Finance with the sale of 79,023 shares. It also exited UPL and SBI Cards and Payment Services by selling 70,100 shares and 68,530 shares, respectively.

Other stocks from which the fund exited included Solar Industries India, Asian Paints, and Bajaj Finserv.

Sector Allocation and Fund Performance

As of February, the fund held 37 stocks in its portfolio compared with 36 in January. The highest allocation was to banks at around 21.54%, followed by automobiles and ancillaries at 15.69%, and non-ferrous metals at 8.09%.

The fund had assets under management (AUM) of ₹371 crore as of February 28, 2026. Since its launch on August 4, 2025, the scheme has delivered a return of 0.62%. Over the last six months, it generated a return of 2.40%, outperforming the benchmark Nifty 500 TRI which declined by 1.27% during the same period.

Also Read: SEBI Introduced Debit Freeze Facility for Mutual Funds Investors: What You Need to Know!

Conclusion

The latest portfolio reshuffle by Capitalmind Flexi Cap Fund reflects a strategic shift towards select banking, energy, and industrial stocks while trimming exposure to some large-cap holdings. With diversified sector exposure and selective stock additions, the fund continues to position itself to capture opportunities across different segments of the market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.