Unifi Flexi Cap Fund

Unifi Flexi Cap Fund has delivered a 1Y SIP XIRR of 6.17%, which significantly lags the category average SIP XIRR of 15.6% for the same period. However, on a lump-sum basis the fund has outperformed the NIFTY 50 across all measured horizons, with a 1Y Fund CAGR of 6.99% versus the benchmark's -2.9%, generating alpha of 9.54% over 1Y. Calendar year returns have been modestly positive, at 3.69% in 2026 and 2.96% in 2025.

The fund exhibits strong downside protection, with a Downside Capture of 86.29% over 1Y and 84.82% over longer periods, alongside a Beta of roughly 0.94-0.96 indicating lower volatility than the NIFTY 50. Maximum drawdown was contained at just -0.13%, with a recovery period of 79 days and only one drawdown event exceeding 10%. The 1Y Calmar Ratio of 0.31 reflects moderate risk-adjusted efficiency given the fund's relatively low absolute returns.

Detailed holdings and sector allocation data were not provided for this fund, so concentration and diversification cannot be assessed from the available information. As a flexi cap mandate, the fund has flexibility to allocate across large, mid, and small cap stocks based on market conditions. Investors should review the latest factsheet for current portfolio composition before investing.

The fund's 1Y SIP XIRR of 6.17% trails the category average of 15.6% by a wide margin, suggesting underperformance versus flexi cap peers on the SIP metric that investors most commonly track. On a lump-sum basis, however, consistent positive alpha versus the NIFTY 50 across 1Y through 15Y horizons indicates steady benchmark outperformance. The combination of below-category SIP returns but strong downside capture suggests a defensive positioning that may lag in strong rallies.

This fund suits conservative equity investors who prioritize capital protection and steady benchmark-beating lump-sum returns over aggressive growth. A time horizon of at least 3-5 years is appropriate to allow the fund's defensive characteristics to compound. Investors with moderate risk tolerance who are uncomfortable with deep drawdowns may find the low downside capture appealing, though SIP investors seeking category-level returns may be disappointed.

• Consistent positive alpha versus NIFTY 50 across all horizons from 1Y to 15Y, including 9.54% alpha over 1Y
• Excellent downside protection with Downside Capture of 84.82-86.29% and a minimal maximum drawdown of -0.13%
• Low Beta of 0.94-0.96 provides lower volatility than the benchmark

• 1Y SIP XIRR of 6.17% significantly underperforms the category average SIP XIRR of 15.6%
• Upside Capture below 100% (96.76-98.78%) means the fund lags the benchmark in rallies, limiting upside potential
• Expense ratio of 1.08% is relatively high and may weigh on net returns