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Evaluating the Performance of some selected open ended equity diversified Mutual fund in Indian mutual fund Industry

Dr.S.Vasantha, Uma Maheswari, K.Subashini

Mutual Fund refers to trust which pools the savings of a large number of investors who share a common financial goal. The money collected from the investors is invested in the capital market instruments based on the fund’s objective. The income earned and capital appreciations realized out of these investments are shared by its unit holders in percentage to the number of units owned by them. The main objective of this research paper is to evaluate the performance of selective open ended equity diversified Mutual fund in the Indian equity market.For the purpose of conducting this study HDFC top 200 fund(g),Reliance top 200(g),ICICI Prudential top 200(g),Canara Robeco equity diversified fund(g),Birla Sun Life frontline equity (g) mutual funds have been studied over the period of 60 months data which is from January 2008 to December 2012.The analysis has been made on the basis of Sharpe ratio, Treynor ratio and Jenson .