ANALYSIS OF MUTUAL FUNDS PERFOMANCES WITH REFERENCE TO INDIAN MUTUAL FUNDS MARKET

Abstract

The paper investigates the performance of funds of two assets Management Company in a different category of schemes. The analysis is based on a particular date of last 5 year returns (2016-2020) and performance. The funds are taken only for Small Cap, large Cap and liquid funds. Yearly NAV of different schemes have been used to calculate the returns from the fund schemes. The risk measurement tools used to analyses the performance of the selected schemes were evaluated on the basis of Alpha, Beta, Standard Deviation and Sharpe Ratio. The study revealed that HDFC Mutual fund and ICICI Mutual fund have overall outperformed in the terms of returns as well as growth in the Net Asset Value (NAV). The results also showed that some of the schemes had underperformed these schemes were facing the diversification problem.  In the study, the value of beta which was found that only HDFC Top 100 fund is 1.00 which indicates the fund is most aggressive and other funds have found out that the value of beta is less than 1.0 which is less volatile and it is considered to be the lowest risk profile scheme.