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The history of mutual funds in Indian began in 1963 when the Government of India launched Unit Trust of India. Since then the mutual fund industry has had an inevitable journey and thousands of investors today invest in mutual fund schemes, making it a terrible investment segment. Mutual fund industry has experienced a radical expansion within the past two decades. The performance analysis of mutual funds is commonly used topic in the various investment areas among different countries. This happens due to accessibility of information. They provide various profits to the investors. Mutual fund provides various updates of the market and they also provide various suggestions to the investors about making investment in the different schemes. The mutual fund industry, Assets under Management doubled in the past five years as it grew from Rs.22.26 lakh crore in 2019-20 to Rs. 54.1 lakh crore in 2023-24. Therefore, in recent years, the mutual fund industry has diversified its product offerings to cater to a wide range of investor preferences, including equity funds, debt funds, hybrid funds, and thematic funds. As the growth of mutual funds in India continues, the mutual fund industry is expected to play a vital role in channeling savings into productive investments, contributing to the overall expansion of the financial markets.