ANALYSIS OF TOP PERFORMING MUTUAL FUNDS IN INDIA

Abstract

Mutual fund is an investment type where several people come together in order to pool their money towards a overarching financial goal of common interest. This pool of money is then invested in the market, and the return generated along with the investment sum is distributed in accordance with the number of units each individual investor holds. The mutual fund industry in India was incorporated with the UTI Act. This industry grew gradually over a 25 year long time period and provided healthy returns. Not only is it quite easy to buy and sell mutual funds, they can be bought either from the fund management company or through third party intermediaries. The study's main goal is to analyze how the selected mutual funds have performed in India as well as take a close look at the risk and return components of these funds in question. The current study is based upon secondary data collected from 5 mutual funds which were operated by private sector companies’ between 2017 to 2022. The study incorporates the NAV and total returns generated along with risk measures such as the beta ratio. To guarantee the mutual fund's returns are healthy, investors should pay attention to the evaluation through statistical parameters. This research will provide them with the understanding into the performance of said mutual funds which in turn will help them gain a better comprehension in terms of allocating their hard earned resources to the most suitable mutual fund schemes.