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@article{189696,
        author = {Ajay Sehgal},
        title = {Risk-Return Analysis of Equity Mutual Fund Schemes: A Comparative Study of 27 Top-Ranked Funds},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {7},
        pages = {7135-7144},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=189696},
        abstract = {This research paper presents a comprehensive analysis of 27 top-ranked mutual fund schemes based on their risk-adjusted performance metrics. The study evaluates five critical risk ratios: Standard Deviation, Beta, Sharpe Ratio, Jensen's Alpha, and Treynor's Ratio to provide investors with data-driven insights for optimal fund selection. Using data from CRISIL ratings (as on June 30, 2025) with NAV calculations as of September 15, 2025, the analysis encompasses ten distinct fund categories including ELSS, Flexi Cap, Focused Funds, Large Cap, Mid Cap, Small Cap, Multi Cap, Large & Mid Cap, Sectoral/Thematic, and Value Funds. The findings reveal that HDFC Focused Fund achieves the highest Sharpe ratio of 1.42, while DSP Value Fund demonstrates the lowest risk with a standard deviation of 9.95%. The study concludes that focused investment strategies and value-oriented approaches deliver superior risk-adjusted returns, providing practical guidance for portfolio construction and investment decision-making.},
        keywords = {Mutual Funds, Risk Ratios, Sharpe Ratio, Jensen's Alpha, Treynor's Ratio, Beta, Standard Deviation},
        month = {December},
        }