📄 Abstract
The mutual fund industry in India plays a critical role in mobilizing household savings and channelling them into productive capital markets, contributing to financial inclusion and long-term wealth creation. This comprehensive comparative evaluation examines selected mutual fund schemes from five leading Asset Management Companies (SBI, HDFC, ICICI Prudential, Axis, and Nippon India) across Equity, Debt, Growth, Balanced, and Income fund categories over the 2013–2025 period. Using secondary data from AMFI, Value Research, Morningstar India, and official AMC publications, we apply quantitative metrics including Absolute Returns, CAGR, Beta, Standard Deviation, Alpha, Sharpe Ratio, and Treynor Ratio to evaluate performance and risk-adjusted efficiency. The findings reveal marked performance differences: ICICI Prudential, SBI, and Nippon India demonstrated superior risk-adjusted returns across most categories, while HDFC and Axis schemes showed weaker performance in specific categories. The study emphasizes that risk-adjusted evaluation is essential for informed mutual fund selection, rather than relying solely on absolute returns. The 12-year analysis encompasses multiple complete market cycles, providing robust evidence for retail investors, financial advisors, and policymakers.
🏷️ Keywords
📚 How to Cite:
P. Masood, Mr. V. Venkata Rao , A COMPARATIVE STUDY ON SELECTED MUTUAL FUNDS IN INDIA , Volume 14 , Issue 6, June 2026, EPRA International Journal of Economic and Business Review(JEBR) , Pages: 26 - 33 , DOI: https://doi.org/10.36713/epra30488