In early October 2026 I posted a series of X notes summarising Capitalmind’s portfolio management approach. I explained the practical stock‑count cap, the risk‑adjusted outperformance objective, the stock‑selection universe, and highlighted the recent market backdrop where the Nifty 500 was down 6.8 % YTD, making it one of the weakest years in two decades.
- Portfolio size cap: practical limit of 25 to 60 stocks; we avoid exceeding 60 because tests show no benefit.
I also noted that AI‑driven costs have not yet materialised as a significant expense for the strategy.
- Objective: to outperform the Nifty 500 benchmark on a risk‑adjusted basis while keeping volatility lower than the benchmark, measured over a 1‑year rolling window.
- Stock universe: the top 750 stocks by market cap drawn from the BSE 500.
- Recent market performance: September 2026 saw the Nifty 500 lose 6.8 % YTD, ranking 19 out of 21 years – a historically weak year.
- Macro view: the correction is a buy‑the‑dip opportunity; long‑term investors should build positions gradually.