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Performance Evaluation of Mutual Funds: A Study of Selected Flexi Cap Equity Mutual Funds in India
Subject area: Management and Commerce · Area of research: Mutual Funds
Abstract
The present study evaluates the performance of selected Flexi Cap Equity Mutual Funds in India using measures of performance evaluation, namely average return, standard deviation, beta, sharp Ratio, Jension's Alpha Ratio, and Treynor's Ratio, for a sample of 14 Flexi Cap mutual funds with regular growth options selected on the basis of the availability of consecutive data during the period 1st April 2013 to 31st March 2023. The data has been taken from various websites of mutual fund schemes and from amfiindia.com. The analysis shows that the majority of funds selected for study have outperformed under the Sharp Ratio as well as the Treynor's Ratio. In the present research, the lowest risk and best return flexi Cap Fund is Parag Parikh Flexi Cap Fund and JM Flexi Cap Fund, while the highest risk and highest return is Quant Fund. LIC Flexi Cap fund underperformed other Flexi Cap funds. Most of the funds? returns were similar to other Flexi Cap funds. (Flexi Cap Mutual Funds, Performance Evaluation, Risk and Return Analysis, Sharpe Ratio, Treynor?s Ratio)
How to cite this paper
@article{1711354,
author = {Ashok Vyas, Dr. Kamini Shah},
title = {Performance Evaluation of Mutual Funds: A Study of Selected Flexi Cap Equity Mutual Funds in India},
journal = {Iconic Research And Engineering Journals},
year = {2025},
volume = {9},
number = {4},
pages = {748-755},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1711354.pdf},
abstract = {The present study evaluates the performance of selected Flexi Cap Equity Mutual Funds in India using measures of performance evaluation, namely average return, standard deviation, beta, sharp Ratio, Jension's Alpha Ratio, and Treynor's Ratio, for a sample of 14 Flexi Cap mutual funds with regular growth options selected on the basis of the availability of consecutive data during the period 1st April 2013 to 31st March 2023. The data has been taken from various websites of mutual fund schemes and from amfiindia.com. The analysis shows that the majority of funds selected for study have outperformed under the Sharp Ratio as well as the Treynor's Ratio. In the present research, the lowest risk and best return flexi Cap Fund is Parag Parikh Flexi Cap Fund and JM Flexi Cap Fund, while the highest risk and highest return is Quant Fund. LIC Flexi Cap fund underperformed other Flexi Cap funds. Most of the funds? returns were similar to other Flexi Cap funds. (Flexi Cap Mutual Funds, Performance Evaluation, Risk and Return Analysis, Sharpe Ratio, Treynor?s Ratio)},
month = {October},
}