Authors: Ruchita Suresh Lokhande, Prof. Rahul Waghmare, Dr. Vinod Sayankar
Abstract: This study examines how select equity and debt mutual funds in India performed from 2021 to 2025. It compares returns, risk, and overall performance between the two types. Researchers used data from sources like AMFI, Value Research Online, NSE India, and ET Money. Performance metrics include CAGR, Standard Deviation, Beta, Sharpe Ratio, Treynor Ratio, and Jensen's Alpha. Equity mutual funds earned returns of 15.93% to 20.28% per year but showed greater volatility. Debt mutual funds provided returns between 2.44% and 10.53% and carried lower risk. When comparing risk and return, equity funds outperformed on Sharpe and Treynor ratios. Jensen’s Alpha indicated that equity fund managers were effective. The study recommends considering your risk tolerance, investment timeframe, and financial goals when making investment decisions. It also suggests that investing in both types of funds can help you achieve results with the least risk.
DOI: https://doi.org/10.5281/zenodo.20102723
