Comparative Analysis on Selected Public Sector and Private Sector Mutual Funds in India with Special Reference to Growth Funds

Abstract

This study is an one of the attempt to know the importance of selected growth funds schemes with a
view to see its effect on investor’s thinking perception. In this study 16 growth funds schemes have
been taken as sample and the selection of schemes was on the basis of random sampling size of funds
in AMFI of particular company of last 5 years. The risk free rate of return taken is 3.5%. In order to
increase the return on investors domestic investments and boost the distribution of investments in
different sectors, the need and scope for mutual funds as an investment option has increased
tremendously. Investment in mutual funds is limited to cities of Tier 1 and Tier 2 while rural and
semi-urban communities are well known for their importance one reason for this is lack of knowledge
in rural areas. Therefore, there is a significant need for awareness rising in the mutual fund industry.
Compared to the public sector mutual funds, the private sector mutual funds have shown much better
performance mainly due to better distribution of funds, better management and efficient portfolio
manager performance with their quality investment. This result came after estimation and
comparison of the ratio of Sharpe, Treynor, and Jenson