Performance Analysis of Mutual Funds:Selected Reliance Mutual Fund Schemes

Indian Financial System was rejuvenated with the introduction of multiple financial institutions, financial services and financial instruments in the post LPG era. This process has opened doors to the private business entities also to start new financial institutions and offer various financial services and instruments. One such institution was mutual funds. Many a number of private corporate houses have started mutual funds immediately after government / SEBI permission. Amount the first entrants Reliance Mutual Funds is one and it has significant contributions to the Mutual Fund services. In the current study 10 top performing schemes offered by Reliance Mutual Funds are selected to make a comparative study on the risk and return offered by these funds. From the study it is observed that among the selected funds Reliance Small cap fund is considered as a fund with moderate risk as well as moderate returns, against which the Reliance Bank Fund is considered as high risk with high returns.