A COMPARATIVE PERFORMANCE ANALYSIS OF EQUITY MUTUAL FUNDS: EVALUATING RISK-ADJUSTED RETURNS AT HDFC

Abstract

This study aims to conduct a comparative investment analysis of selected mutual funds to evaluate their performance, risk levels, and return potential. Mutual funds are a preferred investment vehicle for both retail and institutional investors due to their diversification, professional management, and flexibility. The research compares multiple mutual fund schemes—such as equity, debt, and hybrid funds—based on key performance indicators like Net Asset Value (NAV), returns, expense ratio, riskadjusted return (Sharpe Ratio, Treynor Ratio), and fund volatility. By analyzing historical data over a specific time frame, the study identifies which funds have consistently outperformed others in similar categories. The comparison also takes into account fund manager strategy, market conditions, and investor risk appetite. The objective is to help investors make informed decisions by highlighting the strengths and weaknesses of different mutual fund schemes. The findings emphasize that proper analysis of fund performance is crucial for selecting the most suitable investment options based on individual financial goals.