An Empirical Study on Mutual Fund Performance in India with Reference to Sustainable Business Development

Mutual funds have become one of the most attractive ways for the average person to invest their surplus money. A mutual fund pools resources from thousands of investors and then diversifies its investment into many different holdings such as stocks, bonds, or government securities in order to provide high relative safety and returns. Mutual funds have already attracted the attention of worldwide investors and academicians but most of the existing research available is on either accelerating the return on funds or comparing it with benchmark fund schemes. The academic literature on the measurement of mutual fund performance stretches back over 50 years. A large number of studies on the financial performance of mutual funds have been carried out during the past, in the developed and developing countries. Investment industry in India has gone through huge pace of reinventions, given changes in monetary and political policies of government. In the same line the study attempts to identify the major changes which can be marked for mutual fund as investment options. Most of the funds also offer retirement plan choices traditional. Things to investigate before invest in a mutual fund are how long the fund has been in existence, average annual rate of return, the tenure of the fund managers, investment objectives, type of companies the fund invested in, and costs the fund charges. This paper explores the various types of mutual funds with its various features, pros and cons of different schemes and evaluation of mutual fund investments. This will help to the investors in many ways like, selection process to determine long and short term investment needs. The performance of the mutual fund industry can be examined in terms of: the nature of the growth of the industry itself, long-term impact of the growth on the economy in general and the financial market in particular, and the benefits to investors in terms of returns on their investments