Parag Parikh Flexi Cap, 10 others among 5-star funds that beat benchmarks on most trading days in FY26. Check details
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Outperformers in FY26
Around 11 mutual funds have generated returns higher than benchmarks across multiple rolling periods and on most trading days in FY26. Here is a detailed breakup, as reported by ETWealth. Note, sharpe ratio calculated on 3-year rolling returns for FY2025-26 and fund beta based on daily data for FY2025-26.
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Parag Parikh Flexi Cap Fund
Parag Parikh Flexi Cap Fund had a beta of 0.55, sharper ratio of 6.62% and an expense ratio of 1.27% as of March 2026. It had an AUM of Rs 1.28 lakh crore as of March 2026.
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Two from HDFC Mutual Fund
HDFC Flexi Cap Fund and HDFC Mid Cap Fund had a beta of 0.81 each, sharper ratio of 6.12% each and an expense ratio of 1.35% and 1.37% respectively. HDFC Flexi Cap Fund and HDFC Mid Cap Fund had an AUM of Rs 91,335 crore and Rs 85,358 crore respectively as of March 2026
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Two large caps
ICICI Pru Large Cap Fund had a beta of 0.90, sharper ratio of 5.63% and an expense ratio of 1.42% as of March 2026. It had an AUM of Rs 69,948 crore as of March 2026.
Nippon India Large Cap Fund had a beta of 0.96, sharper ratio of 5.11% and an expense ratio of 1.50% as of March 2026. It had an AUM of Rs 46,521 crore as of March 2026.
Nippon India Large Cap Fund had a beta of 0.96, sharper ratio of 5.11% and an expense ratio of 1.50% as of March 2026. It had an AUM of Rs 46,521 crore as of March 2026.
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Nippon India Growth Mid Cap Fund
Nippon India Growth Mid Cap Fund had a beta of 0.94, sharper ratio of 6.67% and an expense ratio of 1.55% as of March 2026. It had an AUM of Rs 39,676 crore as of March 2026.
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Three large & mid cap funds
ICICI Pru Large & Mid Cap Fund had a beta of 0.85, sharper ratio of 6.63% and an expense ratio of 1.64% as of March 2026. It had an AUM of Rs 27,005 crore as of March 2026.
Bandhan Large & Mid Cap Fund had a beta of 0.91, sharper ratio of 6.71% and an expense ratio of 1.68% as of March 2026. It had an AUM of Rs 14,109 crore as of March 2026.
Motilal Oswal Large & Midcap Fund had a beta of 1.18, sharper ratio of 4.77% and an expense ratio of 1.70% as of March 2026. It had an AUM of Rs 13,995 crore as of March 2026.
Bandhan Large & Mid Cap Fund had a beta of 0.91, sharper ratio of 6.71% and an expense ratio of 1.68% as of March 2026. It had an AUM of Rs 14,109 crore as of March 2026.
Motilal Oswal Large & Midcap Fund had a beta of 1.18, sharper ratio of 4.77% and an expense ratio of 1.70% as of March 2026. It had an AUM of Rs 13,995 crore as of March 2026.
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Bandhan Small Cap Fund and Edelweiss Mid Cap Fund
Bandhan Small Cap Fund had a beta of 0.98, sharper ratio of 7.11% and an expense ratio of 1.64% as of March 2026. It had an AUM of Rs 20,130 crore as of March 2026.
Edelweiss Mid Cap Fund had a beta of 0.91, sharper ratio of 6.11% and an expense ratio of 1.68% as of March 2026. It had an AUM of Rs 13,554 crore as of March 2026.
Edelweiss Mid Cap Fund had a beta of 0.91, sharper ratio of 6.11% and an expense ratio of 1.68% as of March 2026. It had an AUM of Rs 13,554 crore as of March 2026.
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Why FY2025-26?
The choice of FY2025-26 as the evaluation window was deliberate as it was a difficult year for equity markets. The benchmark Nifty 50 index posted its weakest annual performance since FY2019-20, leaving a large number of retail portfolios under pressure. The year was characterised by heightened volatility, uneven sectoral trends, and rapidly shifting investor pref-trends, and rapidly shifting investor pref-trends, and rapidly shifting investor preferences