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A Study on Performance Analysis of Indian Mutual Funds

Dr. Pratiksha Mishra¹, Prerana Singh²

¹Amity Business School, Amity University Chhattisgarh

²Amity Business School, Amity University Chhattisgarh

Corresponding Email: preranasingh197d@gamil.com

Abstract

This study presents a detailed performance evaluation of mutual funds in India, emphasizing equity, debt, and hybrid categories. Mutual funds serve as a vital investment avenue for Indian investors by offering diversification, professional fund management, and accessibility. The research analyzes historical performance data of schemes from five leading Asset Management Companies (AMCs): ICICI Prudential, HDFC, SBI, Axis, and Aditya Birla Sun Life Mutual Fund. Using a five-year data window (2019–2024), the study compares annualized returns, consistency, volatility, and investor preference trends.

Findings reveal that equity mutual funds, while more volatile, offer the highest long-term returns, especially those from ICICI Prudential and Axis Mutual Fund. Debt funds, led by HDFC and ICICI, deliver stable and lower returns, suitable for conservative investors. Hybrid funds demonstrate a balanced risk-return profile and are increasingly favored by moderate-risk investors. Investor preference correlates more with fund consistency and brand trust than short-term outperformance, with SBI leading the market in terms of Assets Under Management (AUM).

This paper concludes that effective mutual fund investment requires alignment between fund type and investor goals. ICICI Prudential emerges as a consistent performer across all fund types, followed closely by HDFC. The study offers actionable insights for investors, AMCs, and policymakers, stressing the need for transparency, standardized reporting, and expanded financial literacy to support informed investment decisions in the evolving Indian financial ecosystem.