Comparative Study of Mutual Funds Schemes in India: A Post Crisis Analysis

Abstract

This study tries to evaluate the performance of debt, equity and balanced mutual funds schemes in India after the financial distress of 2008. The study uses the month end Net asset values for 30 mutual fund schemes from equity, debt and balanced category for a period spanning January 2008 to October 2013. The sample mutual funds schemes were chosen randomly from CRISIL AMFI MF Index and performance was evaluated using standard measures including Sharpe, Jensen and Treynor. The results of the study provide insights about the performance of different mutual funds in the recent period of financial slowdown and is useful to the investors in taking enhanced and informed investment decisions that gives capital appreciation and limits exposure to volatility in a highly volatile and risky environment.

Keywords: Mutual Fund Performance, Equity Mutual Funds, Debt Mutual Funds, Balanced Mutual Funds, Sharpe model, Treynor model, Jenson Model.

JEL Classification: G11