Forum for Intellectual Academicians and Researchers
Abstract
In India mutual fund industry is growing at a rapid speed after liberalization of policy of the government. As the mutual funds industry is offering a wide array of schemes with different structures and objectives, the risk and returns vary. There is a wide scope to evaluate the performance of mutual funds in various dimensions like risk-return, risk adjusted return and return from alternative investments. Mutual Fund is one of the most preferred investment alternatives for the small investors as it offers an opportunity to invest in a diversified and professionally managed portfolio at a relatively low cost. In recent times, the emerging trend in the mutual fund industry is the aggressive expansion of the foreign owned mutual fund companies and the decline of the companies floated by nationalized banks and small private sector player
