Published Paper Details:

The concept of mutual fund is similar to that of a portfolio which follows the policy of "not all the eggs in the same basket". The pool of funds collected through mutual funds is invested in diversified financial instruments. The funds are managed by professional fund manager who apply their special managing skills in devising superior portfolio strategies for maximum gain of investors at minimum risk. The study is to measure the performance of the selected mutual funds of HDFC and SBI, on the basis of NAV and different parameters, along with make a comparative analysis of performance of similar funds of HDFC and SBI. The period of the study is for ten years commencing from (1-4-2009 to 1-4-2018). Coefficient of correlation is used to get an effective view regarding the NAV movement of the mutual fund schemes. For the purpose of performance evaluation Sharpe Ratio is calculated for the period 3 years. The mutual fund schemes are ranked accordingly on basis of Sharpe Ratio in decreasing order of performance. The equity based funds are generally highly risky but along with they provide higher value of NAV over the period. These are favorable for that investor who is interested to take high risk with comparatively high return. One of the options in the hands of the investors is that they can take the SIP (Systematic Investment Plan) option which helps the investors to equalize the volatility of the market to a certain extent.