Performance Evaluation of Selected Growth Oriented Mutual Funds Schemes in India

The mutual funds provide variety of product such as equity funds, debt, liquid, gilt, etf and balanced funds. It is the time that investors irrespective of their risk capacities, made intelligent decision to generate better returns and mutual funds are definitely going that way. The study evaluates the investment performance of selected growth oriented mutual fund schemes on the basis of monthly returns as compared to benchmark return in India. It also examines the risk in terms of volatility, systematic risk and manager's ability to reward to volatility, reward to variability with the help of risk adjusted performance measures suggested by Jenson, Sharpe and Treynor. It is found that, 17 out of 20 sample mutual fund schemes have performed better than the benchmark. It can be concluded that these sample mutual fund growth oriented schemes performed better with offering the advantages of diversification and professionalism to the investors.