PERFORMANCE EVALUATION OF OPEN ENDED LARGE CAP EQUITY MUTUAL FUND AND MID & SMALL CAP EQUITY MUTUAL FUND GROWTH SCHEME WITH SPECIAL REFERENCE TO SBI MUTUAL FUND AND HDFC MUTUAL FUND

Investment is very important to park the surplus fund of an individual for the purpose of earning additional income or capital appreciation or both. The investor has to consider various factors while making an investment decision these are as follows: risk associated with the investment, tax benefits, liquidity, and marketability etc. A mutual fund is a pool of money collected from many investors which is professionally managed by the portfolio managers. It is a type of collective investment scheme and invests it various securities such as in stocks, bonds and short-term money market instruments. The performance of the fund depends upon the economic condition of the country and the world as a whole. In this research work the performance of the fund will be evaluated using five portfolio performance measurement parameters like Beta, Standard Deviation, Sharpe Ratio, Treynor Ratio and Jensen's Alpha. The benchmark taken for this is CNX NIFTY Index. The study is primarily done to evaluate the performance of the selected Mutual Funds schemes over a period ranging from 2009 to 2014.