Performance evaluation of Indian Mutual Funds: With special reference to big and small fund houses

Among different investment alternatives, mutual funds have emerged one of the important investment alternative. While choosing a mutual fund company, investors perceive that big fund houses perform better than small ones therefore they prefer to invest in big funds. The present study focused on factors like risk, return, and market timing ability of fund mangers, while evaluating the performance of select mutual fund schemes. For evaluating the performance of schemes like Equity large cap funds and Equity Mid-Small cap funds three years annualized returns are considered. Select mutual fund schemes are analysed by using sharpe's Index ratio and Treynors Index ratio. From the evaluation, it is evident that Mid-Small funds are performing well that of large cap Funds. Investors are advised not to To conclude, this paper based on this cretia small AUM's (assets under management)are performing well than that of large AUM's (assets under management).