A Study on Performance of Mutual Funds

A mutual fund is a trust that pools the savings of a number of investors who share a common financial goal. The money thus collected is invested in capital market instruments such as shares, debentures, and other securities. The study was undertaken to analyze five mutual fund schemes. In this study the performance evaluation of balanced mutual funds scheme is carried out through risk adjusted performance measure by Sharpe's, Treynor's Ratio which will ultimately help investors to choose the best mutual fund generating maximum return with minimum risk. Risk and return was analyzed by finding out Average Return, Standard Deviation, Beta Sharpe Ratio and Treynor ratio. The data used is monthly closing NAV recorded in the period starting from 1st April 2013 to 31st March 2014.