Nippon India Flexi Cap Fund - Regular Plan - IDCW Option

Nippon India Flexi Cap Fund - Regular Plan - IDCW Option holds up reasonably well within the Flexi Cap category, currently carrying a 3-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 78/100.

Cost: At 0.65%, the expense ratio is meaningfully cheaper — about 30% below the Flexi Cap category average of 0.93% (based on 297 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.08 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, with 145.48% annualised volatility, this is among the more turbulent funds in its space — expect sharp swings in both directions.

Who should invest: This fund is best suited to investors who want the fund manager to freely allocate across large, mid and small caps rather than being boxed into one segment. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.