"COMPARATIVEPERFORMANCE ANALYSIS OF SELECTEDMUTUAL FUND SCHEMES IN TAX SAVER CATEGORY"

Abstract

The performance evaluation of mutual fund schemes is very important area considering the interest of various stakeholders of Mutual fund industry especially the investors. There are 38 mutual fund houses in India which do offer similar mutual fund schemes for investment. Hence it becomes vital for the asset management companies to perform better compared to benchmark as well as other competitors’ similar schemes. This research is aimed at performing detailed analysis of performance of select mutual fund schemes in Tax saver category (growth plan). This research study will be beneficial for the prospective & existing investors for making informed decision about their future investment decisions. Also it will help the mutual fund houses especially the asset management companies to compare their performance with benchmark & other competitors so s to take corrective actions in order to attract new investors & retain the existing ones. The methodology used for this research paper is ‘Descriptive & Analytical Research’.  This study makes use of various statistical tools like Standard Deviation, Co-Variance, Co-Relation, R-Squared, Beta for achieving its objective. The data is considered for the period of five years i.e. 2015 to 2019. The benchmark index for comparison of funds’ performance is S&P BSE 100.