International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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A STUDY ON COMPARATIVE PERFORMANCE OF SELECTED MUTUAL FUND SCHEMES IN INDIA

    2 Author(s):  DR. SEEMA RATHEE,SONIYA DEVI

Vol -  10, Issue- 9 ,         Page(s) : 82 - 90  (2019 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

Mutual fund is an appliance that pools the money by allotting units to the stakeholders and invests this money into differentiated securities in accord with purposes as revealed in proposal. These stakeholders have common financial goals. The profits and losses generated through these investments are shared by the stakeholders in percentage to the number of units held by them. Hence, for a common man, a mutual fund is the most appropriate investment vehicle as it referred a chance to capitalize their money in differentiated, well managed securities at comparatively low cost. “Unit Trust of India (UTI)” was the first mutual fund set up in India in the year 1963. In 1987, the government allowed the public sector banks to issue their mutual fund units to the public. In 1993, the private sector banks were entered in the mutual fund industry. The wide variety of schemes launched by mutual fund companies, these provide wide investment choice to the investors for investing their money. Among wide variety schemes ten schemes are selected for the study. In this research paper an attempt is made to evaluate the performance of selected schemes on the basis of three performance evaluation model Sharpe, Treynor and Jensen ratio. The present study is based on secondary data. The data has been collected from numerous websites of mutual fund schemes and from amfiindia.com. The analysis depicts that all the schemes selected for the study have outperformed under Sharpe, Treynor and Jensen ratio except the year 2008-09 and 2016-17.

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