Only 6 flexi-cap funds beat the Sortino 1 mark, Bank of India tops

Bank of India Flexi Cap Fund led the group at 1.18. For each percent of downside risk, it returned 1.18% above the risk-free rate. Parag Parikh Flexi Cap Fund followed at 1.16, and Motilal Oswal Flexi Cap Fund at 1.08.

At the other end, Samco Flexi Cap Fund was the only scheme with a negative Sortino ratio, at -0.29. That means the fund delivered returns below the minimum acceptable threshold while still exposing holders to the full downside. Shriram Flexi Cap Fund had the lowest positive reading at 0.32, followed by SBI Flexicap Fund at 0.33.

The gap in downside-adjusted performance maps to long-term returns. Bank of India Flexi Cap Fund, which topped the Sortino table, also delivered 21.46% annualised over three years and 17.50% over five. Shriram Flexi Cap Fund, at the bottom of the positive group, returned 10.36% and 9.74% over the same periods.

Disclaimer: This is for educational purposes only and should not be taken as investment advice. Consult a SEBI-registered advisor before making decisions.