Evaluating the Performance of Selected Hybrid Mutual Funds

  • A Rekha Research Scholar, Bharathiar University, Coimbatore, Tamil Nadu, India
  • K. V. Ramanathan Professor of Finance & Marketing, SJB Institute of Technology, Bengaluru, Karnataka, India


Though there are numerous financial assets in our capital market for the investors to invest their money for the attainment of more return, Mutual Funds play a predominant role in acting as a most favorable asset for investors to increase their wealth by offering numerous schemes. Investors who are eyeing on the mix of various assets in one single scheme can consider investing in hybrid funds. That is why we are conducting a study on selected hybrid mutual funds. Though there are various types of hybrid mutual funds we have taken 5 Hybrid Equity Mutual Funds with Regular Plan and Growth Option. The Financial ratio analysis is used for the performance evaluation of the fund, in that we are taking NAV (Net Asset Value) return of recent 5 years data. Finding Standard deviation, Beta, Sharpe ratio, Jensen ratio and Treynor’s ratio based on the last five years’ data. Performance Evaluation of hybrid mutual fund schemes is important both for the investors as well as for portfolio managers, which enables the investors to access how much return is generated by the portfolio manager and what risk and return have been assumed to the use of Hybrid mutual fund schemes. The study helps us to know about the various components of a mutual fund, knowledge about the hybrid mutual fund performance, its relationship with the capital market, growth, regulation, risk, and return involved. The existing study was supposed to be beneficial to the present and potential investors, managers of Mutual fund, agents of Mutual fund, present and future investors, and research scholars. This study will show you the calculations of NAV Return, Risk, risk-adjusted ratios like Sharpe’s, Treynor’s and Jensen’s Ratio.

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