No large-cap fund reached Sharpe ratio of 1; several mid and small caps delivered stronger risk-adjusted returns

No large-cap mutual fund achieved a Sharpe ratio of 1, as per Value Research data as of June 30, 2026.

WhiteOak Capital Large Cap Fund recorded the highest Sharpe ratio among large-cap funds at 0.64.

Several mid-cap and small-cap funds reported Sharpe ratios above 1, indicating stronger risk-adjusted returns.

The Sharpe ratio measures excess return per unit of risk (volatility) using the formula: (Fund Return - Risk-free Rate) ÷ Standard Deviation.

HSBC Midcap Fund was one of the mid-cap funds that crossed a Sharpe ratio of 1, though exact figure not provided.