IIARD International Institute of Academic Research and Development

Journal of Business and African Economy (JBAE )

E-ISSN 2545-5281
P-ISSN 2695-2238
VOL. 10 NO. 3 2024
DOI: 10.56201/jbae.v10.no3.2024.pg37.46

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A Comparative Study of Mutual Funds in India with Respect to Balanced Schemes

Samikshya Mishra and A.K. Das Mohapatra

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Abstract

Investments in financial assets stipulate more time, knowledge as well as risk taking attitudes of the investors. Investments always carry risk along with the return. Factors that manipulate the investment decision of the investors incorporate per capita income, rate of interest, economic condition, sources of capital, expenditure etc. The majority of the investors are not aware of the available investment platforms as a result, sometimes, they get their finger burnt for their financial decisions. Launching of Mutual fund offer an new platform of investment as well as a high return from their investments to the public as compared to other avenues. Mutual fund industry is one of the emerging industries in India as it has shown a stupendous growth over the last few years. As there are number of schemes available in mutual funds, the researcher has attempted to evaluate the best performing balanced schemes among them. The present paper focuses on oldest balanced schemes of top 5 asset management companies’ i.e., SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Nippon India Mutual Fund, and Kotak Mahindra Mutual Fund. The schemes have been evaluated on the basis of Average return, Sharpe Index, and Treynor Index for a period of 5 Years. The result depicts that, SBI Balanced Advantage Fund of SBI Mutual Fund performance was found to be better than all other schemes under study.

keywords:

Balanced Schemes; Shape Index; Treynor Index; Asset Management Companies

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