Published Online:April 2025
Product Name:The IUP Journal of Accounting Research & Audit Practices
Product Type:Article
Product Code:IJARAP090425
DOI:10.71329/IUPJARAP/2025.24.2.173-186
Author Name:Chhattu Kamila
Availability:YES
Subject/Domain:Finance
Download Format:PDF
Pages:173-186
The paper analyzes the performance of selected active and passive mutual funds mutual funds (large-cap, mid-cap and small-cap) in India and compares their performance with respective benchmark indices and gold. The study considered five mutual fund companies in each category, which are rated 5 by CRISIL agency. Secondary data was obtained from Money Control and other financial websites. For the study, four years’ (January 1, 2021 to January 1, 2025) return, SD, Beta, Sharpe, alpha and Treynor ratios were taken to interpret the data. The results showed that large and ELSS mutual funds gave more risk-adjusted returns and exhibited better cost-efficient and long-term growth potential than mid- and small-cap mutual funds. On the other hand, passive funds (ETF) delivered comparative returns with lower costs. All asset classes, along with gold, presented good inflation-adjusted returns after the Covid-19 pandemic.
Financial markets play a key role in any economy. Mutual fund is a type of asset class in financial markets, where investors invest their capital and through which companies and governments can meet their capital requirements (Suvarna, 2022).