Published Paper Details:

The mutual fund industry in India started in 1963 with the formation of Unit Trust of India (UTI) at the initiative of the Reserve Bank of India (RBI) and the Government of India. The objective was to attract small investors and introduce them to market investments. In 1963, UTI was established by an Act of Parliament as only entity offering mutual funds in India. New era in the mutual fund industry began in 1993 with the permission granted for the entry of private sector funds. The year 1999 marked the beginning of a new phase in the history of the mutual fund industry in India, in terms of both amount mobilized from investors and assets under management. This paper attempts to study the performance in terms of monthly as well as yearly returns of selected private sector Large Cap as well as Small and Midcap Mutual Fund schemes ranked as 1 by CRISIL as on 7th Feb 2018.Secondary data has been collected for analysis from www.moneycontrol.com/mutualfundindia. The comparison has been done with benchmark returns within each cap as well as among the schemes themselves. The paper has also drawn out the opinion for suitability of schemes to different classes of investors and have also traced the effect of the new budgetary change announced in Jan 2018 on overall Mutual Fund Equity schemes.