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@article{181673,
        author = {Anup Singh and Aryendra Singh},
        title = {Comparative Analysis of Mutual Funds vs Fixed Deposits: A Risk-Return Perspective},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {1},
        pages = {5084-5092},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=181673},
        abstract = {In a rapidly evolving Indian financial ecosystem, retail investors are confronted with the recurring dilemma of choosing between growth-oriented mutual funds and risk-free fixed deposits. This study conducts a comprehensive risk-return analysis using real historical data from 2019 to 2024, sourced from HDFC Asset Management Company and HDFC Ltd/HDFC Bank. It applies quantitative metrics—CAGR, standard deviation, and Sharpe Ratio—to assess the performance of select HDFC mutual fund schemes and fixed deposits. A unique aspect of this study is its institution-specific comparison, eliminating external brand bias and providing insights for both risk-tolerant and risk-averse investors. The findings suggest that while mutual funds offer superior long-term returns, fixed deposits remain relevant for capital preservation and predictable income. The study concludes by proposing a balanced investment approach based on risk appetite, investment horizon, and financial goals.},
        keywords = {Risk-return analysis, mutual funds, fixed deposits, HDFC AMC, HDFC Bank, CAGR, Sharpe Ratio, portfolio diversification, investment strategy, capital preservation},
        month = {June},
        }