A Study on Performance Evaluation of Selected Mutual Fund Schemes in India

Author(s)	Ms. Shefali Chaudhari, Dr. Mahammadrafique Meman
Country	India
Abstract	This study evaluates the performance of open-ended Debt Growth Funds and Equity Savings Funds in India from April 2022 to March 2025 using daily NAV data from AMFI. The BSE Sensex was used as the market benchmark, and fund performance was assessed using Sharpe Ratio, Traynor Ratio, and Jensen’s Alpha. Results show that all schemes showed positive Sharpe and Jensen values, indicating that returns exceeded the risk-free rate. However, only 4 out of 10 debt mutual funds and 6 out of 10 equity Mutual funds showed positive Traynor Ratios, suggesting only some schemes adequately rewarded market risk.
Keywords	Mutual Funds, NAV, Sharpe ratio, Traynor ration, Janson's Alpha
Field	Business Administration
Published In	Volume 7, Issue 4, July-August 2025
Published On	2025-07-23
DOI	https://doi.org/10.36948/ijfmr.2025.v07i04.51721
Short DOI	https://doi.org/g9t2dp

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