Published Paper Details:

Mutual fund industry has veterana radical growth in the earlier periodof two decades.Raise in the number of schemes with improved mobilization of funds in the past fewyears notes the importance of Indian mutual funds industry. To fulfill the potential ofmillions of retail investors, the mutual funds are requisite to function as successfulinstitutional investors. Proper evaluation of various fund performance and theircomparison with other funds helps retail investors for creating investment decisions. The main aim of this paper is to evaluate the performance of mutual fundschemes ranked 1 by CRISIL and associate these returns with SBI domestic term depositrates. Bearing in mind the interest of retail investors simple statistical techniques likeaverages and rate of returns are used. The results achieves from the study clearly represents that, in most of the cases the mutual fund schemes have failed even to provide the return of SBI domestic term deposits.