authors
Shweta Jaiswal

abstract
The mutual fund industry has emerged as a vital investment avenue for individuals and institutions seeking portfolio diversification, risk minimization, and stable returns. This study titled “Performance Evaluation of Mutual Fund Schemes: A Comparative Analysis of Risk and Return” examines the efficiency of selected equity and debt mutual fund schemes in India over a specified period. The research aims to assess the comparative performance of these schemes by analyzing risk-adjusted returns through measures such as Sharpe ratio, Treynor ratio, and Jensen’s alpha. By employing both quantitative and comparative approaches, the study highlights how different categories of funds perform under varying market conditions, offering insights into risk-return trade-offs. The findings reveal that while equity-oriented schemes generally offer higher returns, they are also associated with greater volatility, whereas debt schemes demonstrate relative stability with modest returns. The study further emphasizes the importance of fund selection based on investors’ risk appetite, investment horizon, and financial goals. The comparative analysis also underscores the significance of diversification and professional fund management in reducing unsystematic risk. Overall, the research contributes to a deeper understanding of mutual fund performance dynamics, providing valuable implications for investors, policymakers, and financial advisors in optimizing investment decisions.