AlphaGrep Flexi Cap Fund: A First-Timer’s Guide

Thinking about your first investment? The new AlphaGrep Flexi Cap Fund Direct growth officially launched on August 10, 2026, offering an equity-based, flexi-cap mutual fund option. This fund, managed by Ravneet Singh, is categorized with ‘Very high’ risk, so it is important to understand its details.

As of July 28, 2026, the fund’s Net Asset Value (NAV) stands at ₹10. Its Asset Under Management (AUM) is currently ₹0 Cr, indicating it is still in its early stages without extensive historical data for a detailed report card.

Your Money and AlphaGrep: The Details

• The fund uses the BSE 500 India as its benchmark.
• There is no lock-in period for your investment.
• An exit load of 1% applies if you sell units before 15 days.
• After 15 days, the exit load is 0%.

Understanding the tax implications is crucial for managing your returns. For units held less than one year, you will face a 20.00% charge on gains. If you hold your units for more than one year, the tax charge reduces to 12.50%.

Making Your Investment: Cutoff Times

When you decide to invest, knowing the daily cutoff times ensures your transaction is processed with the correct day’s NAV. These times vary depending on the type of fund.

• For Liquid Funds, the cutoff time is 12:30 pm on any working day.
• For Equity, Debt, and Hybrid Funds, the cutoff time is 2 pm on any given working day.

The AlphaGrep fund house itself was incorporated on August 11, 2026. While other flexi-cap funds like HDFC Flexi Cap Fund and HSBC Flexi Cap Fund exist, specific comparative performance data for the AlphaGrep fund is not yet available due to its recent launch.

This new fund presents an option for those comfortable with a ‘Very high’ risk profile in their portfolio. Always consider the tax implications and exit loads before making any investment decisions.