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An Empirical Study on Performance of Mutual Funds in India

Stock market plays a very vital role in developing economy in India. It is also attracting the rural people in recent years. Investors usually perceive that all capital market investment avenues are risky. Based on objectives and risk bearing capacities, investors go for different investment alternatives. Among the various investment possibilities, mutual fund seems to be viable for all kind of investors as it is considered to be a safer mode of investment. This study is an attempt to understand the performance of share market and to analyze the correlation of performance of mutual funds with market indices like. | International Journal of Business and Management Tomorrow Vol. 2 No. 6 An Empirical Study on Performance of Mutual Funds in India Dr.S.Poornima Associate Professor PSGR Krishnammal College for Women Coimbatore Theivanayaki M Research Scholar PSGR Krishnammal College for Women Coimbatore Abstract Stock market plays a very vital role in developing economy in India. It is also attracting the rural people in recent years. Investors usually perceive that all capital market investment avenues are risky. Based on objectives and risk bearing capacities investors go for different investment alternatives. Among the various investment possibilities mutual fund seems to be viable for all kind of investors as it is considered to be a safer mode of investment. This study is an attempt to understand the performance of share market and to analyze the correlation of performance of mutual funds with market indices like Sensex and Nifty. As a part of this study data is collected regarding performance of mutual funds and stock market for the last year 2007-08 2008-09 2009-10 2009-10 and 2010-11 20011-12. Top five mutual growth and ten index funds are taken as sampling. Thus it is analyzed by using statistical tools such as arithmetic Mean Standard Deviation Correlation and Testing Hypotheses. The study shows that investors have made quite good returns in mutual funds like Reliance Vision Fund HDFC Top 200 Fund etc. Keywords Capital Market Market Indices Growth Funds 1. Introduction Many of the investors across the world become billionaire within a short span of time by investing in share market at the same time some investors lost amount in the same market also. In the year 1992 2001 and 2008 report reveals few investors lost their wealth and some of them committed suicide because of share market scandals. The famous investor Mr. Warren Buffet became the richest person because of his wise investment strategies however it is not an alternative way to make money as it has huge amount of