A COMPARATIVE ANALYSIS OF PUBLIC AND PRIVATE SECTOR MUTUAL FUNDS IN INDIA release_p37mbepckfddzcp4lekehhn4nu

Abstract

The financial market particularly capital market in India is playing a vital role in the mobilization of household savings from the investing public. In this context, it is observed that mutual funds are becoming the major channel for the mobilization of the savings. It was felt that mutual funds could be an effective vehicle for channelizing larger shares of household savings to productive investments in the corporate sector. The performance of mutual fund schemes is dependent on the right strategy adopted by the fund managers in designing the portfolio. The issues related to the choice of schemes among the public and private sector funds on the one hand and on the other hand high risk associated with schemes have become an important point of every investor. Return alone is not considered as the basis of measurement of the performance of a mutual fund scheme, it should also consider risk involved in the investment. Because different funds will have different levels of risk attached to them. The researcher has set two objectives for the study: (1) to analyze the risk-return profile of equity linked growth and balanced funds. (2) To make a comparative analysis of public and private-sector mutual funds. The study finds that there is a significant difference in terms of mean return between public and private sector schemes. However, there is no significant difference between public and private sector schemes in terms of excess return per unit of risk under Sharpe, Treynor and Jensen models.
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