*Associate Professor, Department of Management Studies, Sri Ramakrishna Engineering College, Coimbatore, India
**Director, Department of Management Studies, Nehru Institute of Technology, Coimbatore, India
Online published on 2 July, 2016.
Mutual fund is an investment vehicle that pools together the funds from investors by issuing units and investing the funds so raised in securities in accordance with the objectives disclosed in the offer document. Wide varieties of schemes are being launched by mutual fund players which often confuse the investors. In this complex scenario, this study of Performance evaluation would help the investors to choose the best schemes available and will also help the AUM's in better portfolio construction and can rectify the problems of underperforming schemes. The objective of the study is to evaluate the performance of different mutual fund schemes of Public Sector and Private Sector on the basis of returns and comparison with their bench marks and also to appraise the performance of different category of funds using risk adjusted measures as suggested by Sharpe, Treynor and Jensen. The study revealed the public sector schemes out performed private sector firms both in terms of risk and return.
Performance Evaluation, Public Sector, Private Sector, Risk and Return Bench Marks, AUM
