Performance of selected Indian equity mutual fund schemes during bull and bear market sentiments

This paper investigates risk and returns performance of selected mutual fund schemes and market return during bear and bull market sentiments during the financial years 2008–09 to 2014–15. The paper also attempts to compare public and private sector mutual fund performance during the study period. The average risk and return values for the selected schemes and for the stock market are calculated. The required data is taken from the daily net asset values given on Association of Mutual Funds in India's website and National stock exchange respectively. The study concludes that mutual fund schemes perform better than market in bull and bear market sentiments. Further, it is also found that both private and public sector mutual funds have performed similarly in terms of risk and return during 2008–09 to 2014–15. The study is useful for the investors of mutual funds as it is claimed by mutual fund industry that mutual funds are suitable investment option in different market conditions.