Performance Analysis of Mutual Funds: A Comparative Study of the Select Hybrid Mutual Fund Schemes in India

The paper will do a thorough performance analysis of some hybrid mutual fund schemes in India, in terms of their risk adjusted returns as well as perception by the investors so that it will be beneficial to the investors as well as the fund managers. A balanced investment strategy that tactfully allocates equity and debt securities, is the hybrid mutual funds that offer high returns with reduced risk. By using the standard measures of performance including the Sharpe ratio, Treynor ratio, and Jensen alpha, this study takes a select sample of funds and studies their performance over an identified time frame to gauge their efficiency in the Indian financial market condition. The quantitative analysis is complemented by survey data of investors which can show the levels of satisfaction, the risk perception and the decision-making factors. The results demonstrate a heterogeneity of preferences among investors, the essentiality of risk-adjusted performance measurement and transparency and education as the means of enhancing investment outcomes. The study has value in terms of empirical data and practical guidelines even though it has shortcomings associated with small sample size and the use of secondary data.