In this paper, the Performance of twenty open-ended equity mid cap schemes related to private sector mutual funds aretaken for evaluation. The period of the study covers the period from 1stApril2016to 31stMarch 2021. To evaluate the performance of the selected mutual fund schemes, monthly returns are compared with Benchmark- S&P BSE MidCap Index return. Risk Free Rate (Rf) has been taken as average fixed deposit rate of State bank of India. Further, various statistical tools like average, standard deviation, beta, coefficient of determination and the risk adjusted performance measures suggested by Jenson (1968), Treynor (1965) and Sharpe (1966), are employed to evaluate the performance for the above selected period of 5 years.
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Keywords: S&PBSE MidCap Index, Equity Schemes, Private Sector Mutual Funds, Open-Ended, Jenson, Treynor and Sharpe.
