ANALYSIS OF MUTUAL FUND PERFORMANCE WITH REFERENCE TO PRIVATE SECTOR: A COMPARATIVE STUDY
Abstract
The term " mutual funds (MF)" refers to a group of investors who pool their money to invest in various MF schemes. MFs are a dynamic institution that mobilises resources and invests them in the capital market, forming a link between savings and the capital market. A MF is a financial institution that pools public funds to invest in a broad portfolio of securities. MF investing relies heavily on pooling. Each MF has a defined investment goal and uses active portfolio management to try to achieve that goal. As an investment company, a MF pools or collects money from its investors and invests it in a variety of equities, bonds, and money market instruments. Securities, commercial papers, certificates of deposit, and other financial instruments fall into this category. In this research the performance of tax saving fund, large cap fund (LCF) and mid cap fund (MCF) of the three companies are investigated. It is found that among the different types of funds Mid cap fund (MCF)s are performing well with more returns and more risk. It is also found that NIPPON magnum mid cap fund (MCF) scheme has highest Sharpe ratio of 0.49 and investing in the same will lead to profit.
Keyword : Large cap fund, Mid cap fund, Mutual fund, Investigation of mutual fund
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