A study on performance evaluation of equity mutual funds schemes in India

摘要

Mutual Funds give a platform for everyone to participate within the Indian capital market with skilled fund management no matter the number endowed. In the past few years, among the various financial products in India, Mutual Funds have emerged as the favorite. There is no doubt that acceptance of mutual funds as an investment vehicle has certainly increased among investors as many investors are earning from mutual fund - as result of increase in information and awareness among investors. Smaller amount of risk is associated with mutual fund investment than directly investing in stocks. Fund manager needs to provide returns in order to construct a diversified portfolio. They take into account numerous factors like, fund size, scheme type, returns, risk, etc. The paper attempts to analyze portfolio evaluation of selected equity diversified schemes using volatility measures such as quantitative factors like Standard Deviation, Beta and the ratios such as Sharpe, Treynor, Jensen's Alpha, Information ratio, Fama's Measure, Expense ratio measures. Data for research are collected from the secondary data sources and selected from 30 Mutual Fund schemes 10 AMCs.