Performance Evaluation of Selected Dividend Infrastructure Mutual Fund Schemes

Mutual fund companies collect the savings from small investors and make a big corpus of these savings and invested in a well-diversified portfolio of different companies. It is generally believed that mutual funds are able to diversify the risk. Mutual funds provide more return with less risk. Infrastructure is the basic physical and organizational structure needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function. It is an important term for judging a country or region's development. This paper attempts to study the performance evaluation of selected dividend infrastructure mutual fund schemes in terms of risk and return relationship. The main objective is to evaluate the performance of selected infrastructure schemes on the basis of dividend by using various performance measures and also rankings of selected schemes by their outstanding performance with its benchmark portfolio. The study period has been taken from 1st April 2010 to 31st March 2015. NAV values were collected from the AMFI India. Rp and Rm were calculated on Quarterly returns. The data relating to S&P CNX Nifty index is collected from the NSE India. It has been used as a benchmark portfolio to study the performance of selected dividend infrastructure mutual fund schemes. For analysing the selected dividend infrastructure mutual fund schemes Standard Deviation, Covariance, Beta, Sharpe's, Treynor's and Jenson's Alpha measures has been used. This study is very much helpful for the small investors to assess the fund's performance.