The Parag Parekh Flexi Cap Fund has generated a 5-year CAGR of 15.52%, outperforming the category average (9.05%) and the S&P BSE 500 (11.08%).
"this has not underperformed to a large number of years, still not convinced !!! have a look at this chart then here you can very clearly see that fund has generated a CAGR of 15.52 percent in the last five years as compared to flexi cap category average of just 9.05% and 11.08 by SNP BSC 500."