A Study of Mutual Funds Performance in India

Since the development of the Indian Capital Market and deregulations of the economy in 1992 there have been structural changes in both primary and secondary markets. Mutual funds are key contributors to the globalization of financial markets and one of the main sources of capital flows to emerging economies. Despite their importance in emerging markets, little is known about their investment allocation and strategies. The aim of the current research paper was to examine the performance of mutual fund schemes in India from the financial year 2012 - 2021 in terms of Assets under Management (AUM). Additionally, the researcher used several statistical techniques, like descriptive statistics, correlation, and coefficients of variation, to assess the data that had been collected. The following types of mutual fund schemes have been taken into account in the current study: exchange traded funds, balanced schemes, income/debt-oriented, growth/equity-oriented, and fund of funds investing overseas. The data are classified, and the outcomes are presented, using tabular and graphical representations. It is found that In terms of Average Annual Growth Rate (AAGR), mutual fund schemes have performed 14.76 per cent. In comparison to other mutual fund schemes, exchange traded funds with an AAGR of 26.93 per cent and balanced funds with an AAGR of 25.10 per cent exhibit high growth rates.