A comparative study on debt scheme of mutual fund of reliance and Birla Sunlife

Mutual funds are key contributors to the globalization of financial markets and one of the main sources of capital flows to emerging economies. This study provides an overview of the performance of debt scheme of mutual fund of Reliance, and Birla Sunlife with the help of Sharpe Index after calculating Net Asset Values and Standard Deviation. This study reveals that returns on Debt Schemes are close to Benchmark return (Crisil Composite Debt Fund Index: 4.34%) and Risk Free Return: 6% (average adjusted for last five year). The Sharpe's Index shows that the return of the selected Debt Fund Schemes is less than even from Risk-free-return rate and the Benchmark Index. Performance of Debt Scheme of Reliance is better than the performance of Debt Scheme of Birla Sunlife on the basis of data studied in this report. The average returns of about 60% selected schemes are more than the average market return or Benchmark return.