Published Paper Details:

Abstract The mutual fund industry plays a significant role in the mobilization of savings and the allocation of capital in financial markets. Among the various types of mutual funds, growth mutual funds are particularly appealing to investors seeking capital appreciation over the long term. These funds typically invest in companies with high growth potential, often reinvesting earnings to fuel further expansion rather than paying dividends. This study aims to conduct a comprehensive performance analysis of selected growth mutual funds to evaluate their ability to deliver superior risk-adjusted returns. The research involves the selection of a representative sample of growth-oriented mutual funds from different asset management companies. The performance of these funds is assessed over a specified period using a variety of financial and statistical tools. Key performance indicators include average return, standard deviation, beta, Sharpe ratio. These metrics provide insights not only into the returns generated by the funds but also into the levels of risk taken to achieve those returns. In addition, the study compares the funds' performance against a relevant benchmark index to determine relative efficiency. The findings reveal notable variations in the risk-return profiles of the selected funds, with some consistently outperforming the benchmark and others showing underperformance despite higher levels of risk. This research concludes that while growth mutual funds can offer attractive returns, investors must carefully evaluate fund performance using risk-adjusted measures before making investment decisions. Overall, this study contributes to a better understanding of the performance dynamics of growth mutual funds and offers valuable insights for retail and institutional investors, portfolio managers, and policy.