• Dr Parmod Kumar
• Dr Pushp Deep Dagar

As per AMFI, a mutual fund is a pool of money managed by a professional Fund Manager. It is a trust that collect small savings held by several persons who have a common investment objective and invest the same in various types of securities e.g. Equity, Debt, Money Market Instruments etc. Individual investors cannot earn handsome return from share market due to lack of professional knowledge and the individual investor does not have enough amount to make proper diversification of portfolio. These problems are resolved by mutual fund houses which collect small amount from several investors and invest in the securities with proper diversification. Many researches have been conducted till date on performance evaluation of mutual funds in India. It was found that most of the researchers used common statistical tools and financial tools for risk/return analysis of different schemes. These tools were also used for making comparison between various schemes run by different mutual fund houses. Researchers have analysed a large number of sampled schemes and suggested about the profitability of these schemes. The researchers also tried to find out the factors affecting investment in mutual funds and to know the decision making process of investment in mutual fund. Some researchers focussed upon the stock selection and timing ability of the mutual fund houses whereas some other focussed on making the comparison of various scheme run by public sector and private sector mutual fund houses.

Mutual Fund, Sharpe Ratio, Treynor Ratio, Public Sector, Private Sector Jel Classification: G20, G23

"Mutual Funds Performance in India- An Analytical Review of Literature", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 6, page no.i851-i859, June-2023, Available :http://www.jetir.org/papers/JETIR2306895.pdf

"Mutual Funds Performance in India- An Analytical Review of Literature", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 6, page no. ppi851-i859, June-2023, Available at : http://www.jetir.org/papers/JETIR2306895.pdf