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FLEXI-CAP EQUITY MUTUAL FUNDS: A COMPREHENSIVE STUDY OF PERFORMANCE AND RISK DYNAMICS
Dr. Ashok Khurana, Sunita Sikri
Abstract:
The present study examines the performance and risk dynamics of flexi cap mutual funds Direct Plans-Growth Option of 20 funds. These funds are managed by several well-known Asset Management Companies in India. This study compares the performance of the funds with its peer groups, Category Average, Benchmark- Nifty 500 TRI. Standard deviation, Beta, Jensen’s Alpha, and Sharpe Ratios were used to assess volatility and risk-adjusted returns. Parag Parikh Flexi Cap Fund popularly known as PPFC Fund emerged as the best performers, offering high risk-adjusted returns, low volatility, and excellent excess returns over the benchmark. Evaluation of all metrics indicates that Taurus Flexi cap fund is the least performing, exhibiting high risk and poor return.