The fund has been trying to shift the alpha from negative to positive territory and is moving towards the 1st quartile. The stock selection of the fund manager is starting to trace the positive region.
Motilal Oswal Flexi cap fund has given negative alpha but with low volatility.
The information ratio of the fund is the lowest in this fund category but the tracking error of the fund is rifling. This can be a highly risky fund for an investor.