*Assistant Professor (Accounting and Finance), Faculty of Management Studies, WISDOM, Banasthali Vidyapith, Rajasthan, 304022. Email: drvikasone@gmail.com
**Research Fellow, Faculty of Commerce, BHU, Varanasi, 221005. Email: priyanka3027@gmail.com
In this paper we tried to evaluate the performance of HDFC open-ended equity schemes with growth option. The period of the study spans from 1st April 2008 till 31st March 2013.To evaluate the performance of the selected mutual fund schemes, monthly returns are compared with Benchmark (BSE National 100 Index) returns. Further, statistical tools like average, standard deviation, beta, coefficient of determination and the risk adjusted performance measures suggested by Treynor (1965) and Sharpe (1966) were employed to evaluate the performance for the selected period.
Open-ended, equity schemes, growth option, risk adjusted performance measures
