• Version
• Download 11
• File Size 795.72 KB
• File Count 1
• Create Date 15 July 2025
• Last Updated 18 July 2025

A Study on Risk and Return Analysis of Mutual Funds (Equity Mid-Cap Companies)

Dr. K. Srinivasa Krishna MBA, Ph.D.,

Assoc. Professor

Department of management studies

Madanapalle Institute of Technology and Science

Angallu, Madanapalle-517325,
Andhra Pradesh

DOODI REEDI JAHNAVI

Student of II MBA

Department of management studies

Madanapalle Institute of Technology and Science

Angallu, Madanapalle-517325,
Andhra Pradesh

Seelamchetty Naveen Kumar,

MBA

Mentor for the Project

Sri Venkateswara University, Tirupati, Andhra Pradesh -517501

Abstract
This study analyses the risk-return profile of the ICICI Prudential Midcap Direct Plan – Growth over a five-year period (June 2020 to May 2025), focusing on sectoral and stock-level performance. Using monthly return data, key metrics such as average return, standard deviation, Sharpe ratio, and volatility were computed for major sectors including Iron & Steel, Real Estate, Cement, Chemicals, Auto Components, and Agrochemicals. A variance-covariance matrix was used to estimate portfolio risk, and fund performance was benchmarked against the Nifty Midcap 150 index. The findings reveal significant sectoral variation in returns and risk, highlighting the importance of sector weighting in mutual fund performance evaluation.

Keywords:
ICICI Midcap, mutual funds, mid-cap equities, risk-return, Sharpe ratio, sector allocation, portfolio analysis.