New Delhi, July 18 -- Capitalmind Mutual Fund, backed by ace investor Deepak Shenoy, launched its first-ever mutual fund - a flexi-cap scheme with a quant-led strategy - on Friday, July 18. The new fund offer (NFO) of the flexi-cap scheme will close on July 28.

The fund is an open-ended dynamic equity scheme investing across large-cap, mid-cap and small-cap stocks. The mutual fund is an actively managed, market-cap agnostic equity scheme with a systematic, quantitative investment approach, the Capitalmind Mutual Fund said in a press release.

Explaining the rationale behind the stock picking, the mutual fund house said its flexi-cap fund uses a multi-factor approach with momentum at its core, dynamically allocating across stocks from dif...