The Comparative and Risk-Adjusted Analysis of Selected Mutual Fund Schemes in India with Reference to Nifty 50 Index

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Abstract

In recent times, mutual funds have become a favoured investment option for many investors, thanks to their ability to offer diversified and expertly managed returns. This study assesses the performance of selected mutual fund schemes in India, comparing their returns to the benchmark Nifty 50 Index over a decade from 2016 to 2025. The research includes fifteen mutual fund schemes across five categories: Small Cap, ELSS Tax Saver, Large & Mid Cap, Hybrid, and Large Cap funds. It relies on secondary data sourced from AMFI and respective Asset Management Companies. A blend of descriptive and quantitative research design is employed. Statistical tools such as mean, ranking, Beta, Sharpe Ratio, Treynor Ratio, Jensen’s Alpha, and paired sample t-test are utilized using Microsoft Excel and IBM SPSS Statistics. The findings reveal that while some mutual fund schemes have outperformed the benchmark index, the overall difference is not statistically significant at the 5% level. Analysing performance adjusted for risk yields varied results, with only a handful of funds showing exceptional performance. The study concludes that mutual fund schemes typically align with the benchmark index, indicating that investors should weigh both risk and return when making investment choices.

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31-03-2026
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Vol. 1 No. 1 (2026): March 2026 Issue
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Komal B. Sharma, K. B. S. (2026). The Comparative and Risk-Adjusted Analysis of Selected Mutual Fund Schemes in India with Reference to Nifty 50 Index. Tark Tansaku, 1(1), 13. https://tarktansaku.org/index.php/tt/article/view/4

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