Abstract
A mutual fund is a professionally-managed form of collective investment that pool money and
invest it. Investment is the art of using money to create value. The fund manager, also known
as portfolio manager, trades the fund’s underlying securities, realizing capital gains or losses,
and collects the dividend or interest income. The investment proceeds are then passed to the
individual investors [1].
A mutual fund offers investors a proportionate claim on portfolio of assets that fluctuates in
value with the value of the assets that make up the intermediaries portfolio. The value of a
share of the mutual fund, known as the Net Asset Value (NAV) per share, is calculated daily
based on the total value of the fund divided by the number of shares currently issued and
outstanding [1], [2].
Performance of mutual funds can be evaluated on the basis of many factors, out of which
returns of different schemes is one of the important factors. Here, I have analyzed the
performance of selected mutual funds in different categories on the basis of returns of different
types of schemes for different time periods. After selection of funds, schemes have been selected
on the basis of size of the schemes and their other attributes. Generally equity investing
outperforms investment in any other forms of Investment Avenues, including debt instruments,
in long-term. Fund’s long-term performance would depend very much on the investment skills
of the fund manager [3], [4].
On the basis of performance of the mutual funds schemes, the investors should decide when to
enter or exit from a mutual fund scheme.
After the entry of private sector Mutual Funds, they are becoming the leader on the basis of
various parameters. Reliance, HDFC, ICICI, and UTI have created lots of AUM up to 2010 due
to their better working in their descending order. ICICI Pru. and Reliance have launched largest
variety of schemes and then HDFC and UTI is leading.
Key Words - AUM, Scheme Snapshot, Investment Avenue, Mutual Fund Schemes, Investment
Risk