A STUDY ON RISK RETURN ANALYSIS OF SELECTED EQUITY MUTUAL FUNDS IN INDIA

Mutual funds are pooled investment vehicles that offer diversification, professional management, and accessibility to investors. This study evaluates the performance of selected equity mutual funds in India using Sharpe Ratio, Treynor Ratio, and Jensen’s Alpha over a five-year period from 1st April 2021 to 31st March 2025. The study is based on secondary data. The analysis covers small-cap, midcap, and large-cap schemes from leading Asset Management Companies. Results indicate that Nippon Life India Mutual Fund consistently achieves superior risk-adjusted returns across categories. The study underscores the importance of evaluating both return and risk in mutual fund selection for informed investment decisions. The findings offer practical insights for investors, fund managers, and policymakers by identifying high-performing funds and promoting systematic performance evaluation. This research contributes to the literature on mutual fund analysis in emerging markets, particularly within the Indian financial landscape.