Sno. Particulars Pageno 1 Summary of The Project 1 2 2 3 Objective of The Project 2 4 Literature Survey 3 5 Methodology 3 6 Time Activity Chart 3

EVALUATION OF MUTUAL FUND PERFORMANCE IN INDIA
BETWEEN PUBLIC AND PRIVATE SECTOR
SNO. PARTICULARS PAGENO
1 Summary of the Project 1
2 Introduction 2
3 Objective of the project 2
4 Literature Survey 3
5 Methodology 3
6 Time Activity Chart 3
1. SUMMARY OF THE PROJECT:

Financial system facilitates the transformation of savings of individuals, government and
businesses into investments and consumption .The process of economic development is
accompanied by a corresponding and parallel growth of financial institution. A significant
outcome of this economic and financial development is the emergence of mutual funds, leasing,
depository, factoring services, merchant banking etc. Thus mutual funds act as a gateway to enter
into big companies inaccessible to an ordinary investor with his small investments. Mutual fund
is a mechanism for pooling the resources by issuing units to the investors and investing funds in
securities in accordance with objectives as disclosed in offer document. The income earned
through these investments and the capital appreciation realized are shared by its unit holders in
proportion to the number of units owned by them. There are many types of mutual funds,
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including aggressive growth fund, asset allocation fund, balanced fund, blend fund, bond fund,
capital appreciation fund, clone fund, closed fund, crossover fund, equity fund, fund of funds,
global fund, growth fund, growth and income fund, hedge fund, income fund, index fund,
international fund, money market fund, municipal bond fund, prime rate fund, regional fund,
sector fund, specialty fund, stock fund and tax-free bond fund. Many types of mutual funds have
lead to increasing importance of selecting right scheme that fulfill the desired objectives of
investors. This study is a relative study of debt funds of private and public sector. Debt funds are
a mutual fund aims to achieve regular and steady income to investors. These schemes generally
invest in fixed income securities such as bonds and corporate debentures. Capital appreciation in
such schemes may be limited. The present study is attempted to make an in-depth analysis of
performance of Debt schemes. Further the study for 2018-2022 seeks to analyze the portfolio
investments of public and private sectors. And various other parameters relating to mutual funds’
performance are also discussed and analyzed.
2. INTRODUCTION:
Different investments avenues are available to investors. Mutual funds also offer good
investments opportunities to the investors. Like all investments, they also carry certain risk. The
investors should compare the risks and expected yields after adjustments of tax on various
instruments while taking investments decisions. The investors may seek advice from experts and
consultants including agents and distributors of mutual funds schemes while making investments
decisions. An efficient articulate and developed financial system is must for the rapid economic
growth and development of a country. Financial system facilitates the transformation of savings
of individuals, government and businesses into investments and consumption. The process of
economic development is accompanied by a corresponding and parallel growth of financial
institutions. Financial institutions are business organization that act as immobilizers and
depositories of savings, and as purveyors of credit of finance. They also provide various financial
services to the country. Financial system helps in improving the standard of living and increase
the social welfare of the community by mobilizing the savings and investing them gainfully.
3. OBJECTIVES OF THE STUDY:
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1. To evaluate the performance of debt schemes in mutual funds in public and private sector in
India.
2. To compare private and public sectors on the basis of investment pattern or investment
portfolio.
3. To compare debt schemes of both sectors on the basis of Benchmark index to evaluate over
performance or under-performance of selected mutual funds.
4. To analyze the risk-return profile of equity linked growth and balanced funds.
5. To make a comparative analysis of public and private-sector mutual funds.
6. To analysis about mutual fund from 2018-2022.
4. LITERATURE SURVEY:
Jensen (2020) developed a composite portfolio evaluation technique that considered return
adjusted for risk difference and used it for evaluating 115 open ended mutual fund schemes
during the period 1945-66. For the full period Jensen examined net expenses and gross expenses.
The analysis of net return indicated that 89 funds have above return adjusted for risk while 76
experienced abnormally poor return. On the basis of this analysis Jensen concluded that for the
sample of 115 mutual funds were not able to forecast security prices well enough to recover
expenses and fees.
Jayadev (2021) evaluated the performance of two growth oriented mutual funds on the basis of
monthly returns compared to benchmark returns over a study period of 21 months (i.e. June 1992
to March 1994). He employed risk-adjusted performance, measures suggested by Jensen,
Treynor and Sharpe for evaluation. He found that both the funds were poor in earning better
returns either adopting market timing strategy or in selecting underpriced securities. Further, the
study concluded that the two growth oriented funds have not performed better in terms of total
risk and were not offering advantages of diversification and professionalism to the investors.
Gupta Amitabh (2021) evaluated the performance of selected mutual fund schemes and also
tested the market timing abilities of mutual fund managers during the period 1994 to 1999. He
has also examined in his study the growth of mutual fund since 1987 to 1989. Two types of
bench mark portfolios are used (1) a market index (2) funded. The result of sample of 73 mutual
fund schemes indicate that 38 (i.e. 52%) schemes earned higher return in comparison to the
market return while remaining 35 schemes (i.e. 48%) generated lower return than that of market.
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It is also found that any unique risk of the sample scheme was 2.73 (per week) while the average
diversification came to 34.3%. This implies that the sample is not adequately diversified. The
result of his study provides no evidence for the market timing of abilities of mutual fund
managers.
5. METHODOLOGIES:
a) Research Design: Descriptive Design
b) Data Collection Method: Survey Method
c) Universe: Bangalore
d) Sampling Method: NON LIKELIHOOD ACCOMMODATION SAMPLING METHOD
e) Sample Size: 100 RESPONDENTS
f) Sampling Unit: BUSINESSMEN, GOVERNMENT SERVANT, RETIRED

INDIVIDUALS
g) Data Source: PRIMARY INFORMATION
h) Data Collection Instrument: Structured Questionnaire
PRIMARY DATA: essential information are produced in an examination as indicated by the

necessities of issue in head. Essential information is gathered utilizing contextual investigation
techniques. There are some arrangement of Qualitative methods utilized for assortment of some
financial data about some peculiarity.
SECONDARY DATA: Secondary information can be characterized as information gathered by

another person for reason other than taking care of the issue being researched. Optional
information is gathered from outer sources which incorporate data from distributed material of
SEBI and a portion of the data is gathered on the web. The information sources likewise
incorporate different books, diaries, magazines, newspapers, and so on the association profile is
gathered from Branch Manager.

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EVALUATION OF MUTUAL FUND PERFORMANCE IN INDIA

BETWEEN PUBLIC AND PRIVATE SECTOR

SNO. PARTICULARS PAGENO

1 Summary of the Project 1

3 Objective of the project 2

6 Time Activity Chart 3

1. SUMMARY OF THE PROJECT:

3. OBJECTIVES OF THE STUDY:

a) Research Design: Descriptive Design

b) Data Collection Method: Survey Method

d) Sampling Method: NON LIKELIHOOD ACCOMMODATION SAMPLING METHOD

e) Sample Size: 100 RESPONDENTS

f) Sampling Unit: BUSINESSMEN, GOVERNMENT SERVANT, RETIRED

g) Data Source: PRIMARY INFORMATION

h) Data Collection Instrument: Structured Questionnaire

PRIMARY DATA: essential information are produced in an examination as indicated by the

SECONDARY DATA: Secondary information can be characterized as information gathered by

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