• Dr.S.M.Alagapan

It is said that ‘necessity is the mother of invention’. Innovation has always been the spirit of human nature. In the financial sector also, several new instruments have been innovated in tune with market needs. The constraints of banks to provide growth with market yields for the investors’ section of society has given birth to one more new instrument, the mutual fund. Investing in mutual funds has an inherent risk. Before investing in a particular fund, a comparison of the risks and returns should be made by the investor. Investment performance measurement methods quantify how much return the investment has earned, how was it earned and what were the risks taken. Performance evaluation of mutual funds is conducted using Sharpe’s measure, Treynor’s measure and Jensen’s measure. This paper aims to know how the performance of mutual funds is assessed and ranked after analysing the NAV and their returns. For the purpose of this study, 12 open ended equity based growth mutual funds were selected as the sample. These schemes were analysed over a period of one year i.e., from 1.1.2018 to 31.12.2018. The study produced sufficient information of risk and return associated with fund and their rank depending on their performance. This will ultimately help investors to choose the best mutual fund generating maximum return with minimum risk.

Index, Beta, standard deviation, annual returns, market returns, risk free rate.

"Performance Evaluation of Mutual Funds in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.229-236, June-2019, Available :http://www.jetir.org/papers/JETIR1906F39.pdf

"Performance Evaluation of Mutual Funds in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp229-236, June-2019, Available at : http://www.jetir.org/papers/JETIR1906F39.pdf