• NIKEE MEHTA
• NISARG SHAH

Background: Mutual funds are one of the most important types of financial intermediaries in India, allowing tens of thousands of small and large savers to invest in and profit from the capital market. The importance of mutual funds in the transformation of India's economy underscores the need to evaluate their services for their part in the mobilisation and allocation of funds in the market. Mutual funds have a lot of room to expand, but in order to fully realise the potential, they must develop and sell new products as well as develop distinct marketing strategies. Furthermore, since India's equity culture has yet to fully grow, investor education will be critical for greater mutual fund penetration. As a result, mutual funds are expected to outperform the market, necessitating a continuous evaluation of fund results. The goal of identifying superior fund managers is of great academic interest because it poses a challenge to the efficient market hypothesis. Materials and Methods: The present study looks into the risk and return analysis of the selected theme based mutual funds in India. The period been considered for the study is 2018-2020 which includes three tiers of mutual funds i.e. smallcap, midcap and largecap funds for doing a comparative analysis of selected funds under each category. Secondary data was used for study and Mean, Market return, Standard deviation, Initial Returns tools were used. Results: The research concludes that, in the small cap fund category, Axis Smallcap fund have comparatively performed well. Then in the midcap fund category, Motilal oswal Midcap 30 fund and UTI midcap fund have performed better and in the largecap fund category, Axis Bluechip Fund and Nippon India largecap fund have comparatively performed well.

Mutual Fund, Continuous evaluation, Mean, Market return, Standard deviation, Initial Return

"A COMPARATIVE ANALYSIS OF DIFFERENT MUTUAL FUND SCHEMES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 5, page no.e92-e96, May-2021, Available :http://www.jetir.org/papers/JETIR2105545.pdf

"A COMPARATIVE ANALYSIS OF DIFFERENT MUTUAL FUND SCHEMES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 5, page no. ppe92-e96, May-2021, Available at : http://www.jetir.org/papers/JETIR2105545.pdf