Untitled

Abstract

The present paper attempted to examine the risk-return characteristics of selected open-ended equity mutual fund schemes in India. Ten open-ended equity mutual funds (Direct plan-Growth schemes), five each from large-cap and mid-cap category formed the sample for the study. The period of study was from April 2013 to March 2019. The study was exclusively based on secondary data and used monthly closing Net Asset Value (NAV) of selected schemes from the website of Association of Mutual Funds in India (AMFI), return of various market indices from the websites of National Stock Exchange of India limited (NSE) and Bombay Stock Exchange (BSE) and the rate of return of 364 days Treasury bill from Handbook of Statistics on Indian Economy published by Reserve Bank of India (RBI).