• Aniket Khatri

The economic progress of a nation relies on the expansion of its financial system, which must be robust and broad enough to support growth and investment. The Indian Financial System consists of four major components: Financial Institution, Financial Market, Financial Instruments and Financial Services. The study aims to identify the relationship between net asset value and market return, but the hypothesis is that there is no significant relationship. Previous studies have examined the performance of mutual funds in India, revealing that open-ended growth-oriented schemes are more effective than closed-ended schemes. This paper discusses the role of mutual funds in financial inclusion in both public and private sectors. The study aims to compare mutual fund performance in both sectors and examine how they help people access money. The research uses secondary data from various websites, including AMFI and BSE, to analyze the performance of 10 mutual fund schemes based on their Assets Under Management (AUM). The results show a significant correlation between fund return and market return, with the private sector playing a crucial role in economic growth. The study also highlights the importance of asset management companies in calculating daily returns.

Mutual Fund, Financial Instruments, AMU, performance of mutual fund, market return, NAV

"NAV and the Market Return (Index): A relationship study of select mutual Funds in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 12, page no.169-173, December-2019, Available :http://www.jetir.org/papers/JETIR1912266.pdf

"NAV and the Market Return (Index): A relationship study of select 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 12, page no. pp169-173, December-2019, Available at : http://www.jetir.org/papers/JETIR1912266.pdf