Parag Parikh Flexi Cap among top 9 flexicap funds with highest risk-adjusted returns. Check details
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What does risk-adjusted return mean for investors?
Sharpe ratio is a risk-adjusted return measure. It measures the excess return over the risk-free rate per unit of risk, measured in terms of standard deviation. Here are the top 5 flexi-cap funds with the highest risk-adjusted returns (Source: MF Screener).
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ITI Flexi Cap Fund
ITI Flexi Cap Fund had a sharpe ratio of 0.71. In the last three years, the fund offered a return of 18.28%.
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360 One Flexicap and Bank of India Flexi Cap
360 One Flexicap Fund and Bank of India Flexi Cap Fund had a sharpe ratio of 0.70 each. In the last three years, the funds delivered a return of 16.54% and 18.45%, respectively.
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Motilal Oswal Flexi Cap Fund
Motilal Oswal Flexi Cap Fund had a sharpe ratio of 0.68. In the last three years, the fund has offered a return of 16.58%.
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Bajaj Finserv Flexi Cap and HDFC Flexi Cap
Bajaj Finserv Flexi Cap Fund and HDFC Flexi Cap Fund had a sharpe ratio of 0.67 and 0.66, respectively. In the last three years, the funds delivered a return of 15.45% and 15.53%, respectively.
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Parag Parikh Flexi Cap Fund
Parag Parikh Flexi Cap Fund had a sharpe ratio of 0.64. In the last three years, the fund has offered a return of 12.28%.
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Invesco India Flexi Cap Fund
Invesco India Flexi Cap Fund had a sharpe ratio of 0.63. In the last three years, the fund has offered a return of 16.46%.
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ICICI Prudential Flexi Cap Fund
ICICI Prudential Flexi Cap Fund had a sharpe ratio of 0.61. In the last three years, the fund has offered a return of 14.93%.