Is PPFAS Flexicap in trouble?

I see FlexiCap as a large-cap replacement, and as we all know, PPFAS FlexiCap is the best mutual fund ever. Because of this, its assets under management have nearly reached ₹100,000 crore. Consequently, its returns are affected—for instance, if the Nifty moves up by 3%, it barely manages to deliver a 1.5% return. Should I worry? Should I hold on for a few years or switch to another FlexiCap?

They play safe and I respect that but if i wanted to play safe i should have invested in hybrid funds instead of flexi cap.

This is not the first or last time this fund is under performing. This is expected. At the time you posted this question we are seeing consolidation in most funds.