Mutual funds are becoming a popular avenue for investment. Investors, who want enjoy the benefits of returns of stock market but less aware of it, for them mutual fund is the best investment option. The Indian mutual fund industry’s asset under management has crossed 25 Lakh Crore. There are numbers of schemes which can satisfy the different needs of investors. Different Asset Under Management companies are launching various schemes with diversified risk. In this paper, an attempt has been made to analyse the equity-based mutual fund schemes. A total of 21 schemes offered by 2 public sector companies and 2 private sector companies have been studied over a period of January 2013 to September 2018 (5 years). The analysis has been made using a risk-return relationship and the Capital Asset Pricing Model (CAPM).CAPM is used as a tool to determine the comparison between selected mutual fund schemes returns.From the analysis, it is found that that the private sector (ABSL & ICICI) mutual fund schemes have been moderate risky and more rewarding as compared to the public sector (SBI & UTI) ones.
Mutual funds, India, comparison, risk beta, returns, performance
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