A COMPARATIVE ANALYSIS OF MUTUAL FUNDS AND UNIT LINKED INSURANCE PLANS (ULIPS): EVALUATING PERFORMANCE AND RISK AT KOTAK

Abstract

This study aims to evaluate and compare the performance of selected mutual fund schemes across different categories such as equity, debt, and hybrid funds. Mutual funds are one of the most popular investment instruments due to their diversification, professional management, and accessibility for retail investors. The research focuses on analyzing various mutual fund schemes using key performance indicators like Net Asset Value (NAV), Sharpe Ratio, Standard Deviation, Alpha, Beta, and Expense Ratio to assess risk-adjusted returns and overall efficiency. By comparing funds over a specific period, the study highlights the differences in return potential, volatility, and fund management strategies. It also considers external factors such as market conditions, interest rates, and economic trends that impact fund performance. The objective is to help investors understand which type of mutual fund best suits their investment goals, time horizon, and risk appetite. The findings suggest that while equity funds offer higher returns, they come with higher risk, whereas debt and hybrid funds provide more stability. The study concludes that a comparative analysis enables investors to make informed decisions by aligning their portfolios with appropriate mutual fund choices for optimal wealth creation.