Comparative study of mutual funds in India: An analysis

Mutual fund industry has experienced a radical growth in the past two decades with the increase in the number of schemes with increased mobilization of funds. To fulfil the expectations of millions of retail investors, the Mutual Funds (MFs) are required to function as thriving institutional investors. Appropriate evaluation of various fund performance and their comparison with other funds helps retail investors for making investment decisions. The main aim of this paper is to to know the rationale and performance of investment in mutual funds and to study the risk and return relationship with inference to mutual fund. Considering the interest of retail investors simple Net Asset Value(NAV) technique is used to compare the top Five Mutual Fund Companies. The results obtained from the study clearly depicts that Risk return trade off should be given more weightage as an important criterion for selection of portfolio.