3 weeks ago
Only Six Flexi-Cap Funds Score Sortino Ratio Above 1
Imagine your savings are like a piggy bank that sometimes loses value.
The Sortino ratio is a special score that shows how well a fund makes money without taking big scary risks.
A score above 1 means the fund earned more than the risk it took.
In India, there are 45 flexi-cap funds, which can invest in big and small companies.
Only six of them scored above 1.
The Bank of India Flexi Cap Fund had the best score of 1.18.
The Samco Flexi Cap Fund had a negative score, meaning it did not reward investors enough for the risk.
The top fund also grew money faster over one, three and five years than a low-scoring fund.
So this score helps people choose funds that are better at protecting their money during bad times.
Only 6 of India's 45 flexi-cap mutual funds recorded a Sortino ratio above 1, according to AMFI June data.
Bank of India Flexi Cap Fund led with the highest Sortino ratio of 1.18, ahead of Parag Parikh Flexi Cap Fund at 1.16.
Motilal Oswal Flexi Cap Fund (1.08), Quant Flexi Cap Fund (1.04), 360 ONE Flexicap Fund (1.03) and HDFC Flexi Cap Fund (1.01) also crossed the 1 threshold.
Samco Flexi Cap Fund was the only fund with a negative Sortino ratio (-0.29), while Shriram Flexi Cap Fund (0.32), SBI Flexicap Fund (0.33), UTI Flexi Cap Fund (0.45) and Sundaram Flexi Cap Fund (0.47) ranked lowest.
The top-scoring Bank of India Flexi Cap Fund also delivered higher returns, with 21.46% three-year and 17.50% five-year CAGR versus Shriram Flexi Cap Fund's 10.36% and 9.74%.
- Who
- Fund managers and investors of India's 45 flexi-cap mutual funds, including Bank of India Flexi Cap Fund, Parag Parikh Flexi Cap Fund and Samco Flexi Cap Fund.
- What
- Only six flexi-cap funds posted a Sortino ratio above 1, signalling strong downside risk-adjusted performance; Samco was the only fund with a negative ratio.
- Where
- India.
- When
- Ratios as of 31 July 2026, based on AMFI June data and three years of calendar month returns; return comparison as of 5 August 2026.
- Why
- To measure how well fund managers handle market downturns and whether fund returns compensate investors for downside risk.
Key facts
- Total flexi-cap funds analysed
- 45
- Funds with Sortino ratio above 1
- 6
- Highest Sortino ratio
- Bank of India Flexi Cap Fund - 1.18
- Second-highest Sortino ratio
- Parag Parikh Flexi Cap Fund - 1.16
- Only negative Sortino ratio
- Samco Flexi Cap Fund - -0.29
- Lowest positive Sortino ratio
- Shriram Flexi Cap Fund - 0.32
- Data source
- Value Research, direct plans; AMFI June data
- Measurement period
- Calendar month returns for the last three years, as of 31 July 2026
Sources
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