Performance Evaluation of Selected Indian Aggressive Mutual Funds: An Empirical Study

Author:A.K. Agarwal, Vinay Arya*

Abstract:
There are various investment avenues available for investors, investment in Mutual funds is one of them and became a favorite avenue recently. Mutual funds, which provide investors with a diversified and well managed strategy to investing in a variety of financial assets, have significantly changed the landscape of the financial markets. A mutual fund, often referred to as an investment vehicle or an open-end investment company, is a pooled investment vehicle that allows individuals and institutional investors to combine their resources and invest in a diversified portfolio of securities. These securities may include stocks, bonds, money market instruments, and other financial assets, depending on the specific objectives and strategies of the mutual fund. The article mainly focused on the analysis of performance of selected Aggressive Mutual funds using different quantitative measures like risk return analysis, Mean, Standard Deviation, Treynor’s Ratio, Sharpe’s Ratio and Jensen’s Alpha using monthly closing Net Asset Values (NAV) from the period of 1st April 2021 to 31st March 2024. The study included Aggressive Mutual funds selected on the basis of their Asset Under Management(AUM).

Keywords:Mutual Funds, Net Asset Value (NAV), Aggressive Mutual funds, Sharpe’s ratio, Treynor’s Ratio and Jensens’s Alpha.

DOI:10.46333/ijtc/13/2/10

International Journal of Trade & Commerce (Vol: 13 Issue:2)