Performance Analysis of Select Equity Mutual funds in India

Mutual fund is the investment tool for the small investors to invest their money into the Capital market. Mutual funds provide the investors a platform for creation of diversified portfolio that can provide good returns at very little risk. The investors who don’t find time or those who don’t have much expertise in handling the investments in the capital market, mutual funds are the best investment tools for them. Mutual fund companies provide number of schemes like equity funds, Debt funds, balanced funds, hybrid funds, Sectoral funds, Tax Saving funds (ELSS) for providing the best investment option to the investors tht best suit to their requirements & Expectations. Now days we can see the Indian Mutual fund industry is heavily attracting the investments from the retail investors of the country. As per Association of Mutual funds of India (AMFI), in the month of March, 2019, the Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of March 2019 stood at 24,58,016 crore. (https://www.amfiindia.com/indian-mutual). Assets Under Management (AUM) as on March 31, 2019 stood at 23,79,584.00 crore. If we look at the historical AUM and compare it with the AUM of 2019, there is a increase of almost 5 times in the span of just 10 years. AUM of Indian Mutual fund Industry on 31st of March, 2009 was ₹ 4.17 trillion where as it has grown to 23.80 trillion as on 31st March, 2019. In this paper an attempt has been made to analyse the performance of Mutual funds in long run & short run as well as performance of funds among the top rated schemes and it was found that top rated schemes may give relatively low return than the other schemes but they generate stable returns. On the other hand the mutual funds schemes generate above average returns mostly in long run.