Performance evaluation of select large-cap equity mutual funds in India

Indian mutual fund industry has grown tremendously as more players have entered the market with well diversified product portfolio in order to suit the requirements of investors with varied investment objectives and time horizon. A rational investor would always prefer an investment which fetches him high returns with low or minimum risk. Mutual fund is one such avenue where investors could park their excess income which is professionally managed with diversified risk. Hence it is imperative to evaluate the performance of such investments. In this paper an attempt has been made to evaluate the past performance of 5 large-cap equity mutual funds based on average mean returns, standard deviation, beta, Sharpe ratio and Treynor ratio against their benchmark.