Parag Parikh Flexi Cap among top 5 flexicap funds with highest risk-adjusted returns, offer upto 25% CAGR in 3 years
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What does risk-adjusted return mean?
Sharpe ratio is a risk-adjusted return measure. It measures the excess return over the risk free rate per unit of risk and is measured in terms of standard deviation. Here are top 5 flexi cap funds with highest risk adjusted returns (Source: MF Screener).
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ICICI Prudential Retirement Pure Equity Fund
ICICI Prudential Retirement Pure Equity Fund had a sharpe ratio of 1.08. In the last three years, the fund has offered a return of 24.55%.
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Parag Parikh Flexi Cap Fund
Parag Parikh Flexi Cap Fund had a sharpe ratio of 0.93. In the last three years, the fund has offered a return of 15.08%.
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HDFC Focused Fund
HDFC Focused Fund had a sharpe ratio of 0.90. In the last three years, the fund has offered a return of 18.68%.
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HDFC Flexi Cap Fund
HDFC Flexi Cap Fund had a sharpe ratio of 0.90. In the last three years, the fund has offered a return of 18.74%.
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Invesco India Focused Fund
Invesco India Focused Fund had a sharpe ratio of 0.90. In the last three years, the fund has offered a return of 23.61%.