A Comparative Study on Portfolio Evaluation Measures with Respect to Equity Growth Mutual Funds

Abstract

Risk and return go together. For a higher return, one has to take a higher risk. Risk cannot be avoided but definitely can be minimized through diversification. Mutual funds do risk diversification by investing in various companies. But still, they have to face risk when the markets are highly volatile. Investor’s perception towards risk and return is continuously changing. To diversify the risk, the investors choose the best fund to get more return. Investors use various evaluation measures like Sharpe, Treynor, and Jensen measures, for selecting the best fund to minimize the risk and maximize the return. Is all evaluation measure giving the same proposal to the investor? To know this, Research is focusing the Comparative study on various portfolio evaluation measures with respect to equity growth mutual funds.