A Study on Performance Analysis of Selected Mutual Fund Schemes in India

Abstract

In India, there are various investment avenues available for investors to invest and earn profitable return. Among the others financial products, investment in mutual fund ensures the minimum risks and maximum return to the investors. The need and scope of the mutual fund operation has increased as the emphasis is being made on increase in domestic savings and improvement in diversification of investments. Thus it became important to study the mutual fund industry and the performance of the mutual funds. This study aims to evaluate the performance of a few selected mutual fund schemes of India on the basis of their daily net asset value (NAV) for the period of five years from 2015-2019. A sample of 10 open-ended, growth-oriented equity funds has been selected for the study. The performance of the funds is evaluated using Sharpe index, Treynor index and Jensen alpha whose results will be useful for investors for taking better investment decisions.