Only 6 flexi-cap funds score Sortino ratio above 1: Bank of India leads in downside risk-adjusted performance

· livemint.com

Out of 45 flexi-cap schemes, only six recorded a Sortino ratio above 1, indicating stronger downside risk-adjusted performance. A Sortino ratio above 1 means the fund generated higher excess returns for every unit of downside risk faced.

Flexi-cap funds are among the most versatile equity mutual fund categories as they allow fund managers to invest across large-cap, mid-cap and small-cap stocks ...


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