Article Details

Performance Evaluation of Mutual Fund Schemes in India | Original Article

Tanya .*, in Journal of Advances and Scholarly Researches in Allied Education | Multidisciplinary Academic Research

ABSTRACT:

The Indian Mutual Fund industry has witnessed sufficient growth on all parameters such as number of fund houses, number of schemes, funds mobilized, assets under management etc. The attraction and mobilization of the small savings of households may be considered as the most relevant goal behind the establishment of mutual fund industry in India. So that they can take benefits from the economic growth of the country. It is required here that whether Indian mutual fund industry has achieved this objective and the present study has been conducted to find out the success or failure of Indian Mutual Fund Industry. The present study has considered five Asset Management Companies out of 44 AMC’s working in India. The average return from NAV, standard deviation, beta, Sharpe ratio, Treynor ratio, Jensen Ratio has been calculated in Microsoft Excel. Return is calculated by using closing NAVs. Results have been computed on quarterly as well as on yearly basis. A comparative analysis of five AMCs has been done in order to find which AMC has performed better and which has performed worse.