A study on the performance evaluation ofmutualfunds in India (equity, income and gilt funds)

In the past few years Mutual Fund has emerged as an effective tool for ensuring one's financial well being. Mutual Funds have not only contributed to India's growth story but have also helped the individual investor tap into the success of the Indian Industry. In this study, three categories were chosen such as Equity, Income and Gilt Funds. Four mutual fund schemes from each category were selected for evaluating their performance during the period 2006–2009. The analysis of the study includes various performance measures and statistical tools. Also a rank correlation was used to figure out the interdependence between the funds. Suggestions given in the end will help the investors to sort out the errors committed by them in making investment decisions.