The most common and most likely answer to this crossword clue is the 3 plus 3 plus 2 letter word ENS PER SE
E
N
S
P
E
R
S
E
More clues leading to the result ENS PER SE
Buddy explains!

The straight part
We know that "It exists purely in the mind" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case it exists purely in the mind = ens per se.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.