Many (small) investors usually do not have adequate time, knowledge, expertise, experience, and resource for directly accessing highly profitable avenues in capital and money markets. It is promised that Mutual Funds confer instantaneous and substantial diversification on them, which is necessary to reduce risk. They also provide such investors continuous supervision and analysis, investment consultancy, judicious investment decision, and professional management of portfolio at affordable sorts. Investors can typically find Mutual Funds to suit their investment outlook, tax planning, income needs, and risk preferences. In order that the Mutual Funds derive their locus stand from their ability to diversify investments, one need to evaluate the performance of Mutual Funds’ schemes before going to invest one's own funds. The present study is an attempt in that direction.
