A Comparative Evaluation of Selected Indian Mutual Funds from the Public and Private Sectors

Abstract

This study aims to compare and analyse the performance of a ten selected equity schemes in order to grade these funds according to their effectiveness. There are varying levels of risks and returns associated with each of these investing options. While choosing between public and private mutual funds, small investors are often uncertain. To justify the objectives of this research ten equity mutual fund schemes were selected as a sample for this study, for a period of 5 years from financial year 2018 to 2023. T-Test for the difference in the mean is used to compare mean and return of public sector and private sector mutual funds. In comparison researcher observed that most of the selected schemes from both Public Sector and Private Sector Mutual Funds have performed significantly better, primarily due to improved fund allocation, better management, and effective portfolio manager performance. Jensen’s Alpha, Sharpe and Treynor index model have been used to analyse the performance.