In this paper, the performance of open-ended large cap schemes related to selected private and public sector mutual funds are evaluated. For the study period from 1^st April 2013 to 31st March 2023 is taken. For performance of large cap schemes, monthly returns are compared with Benchmark- S&P BSE 100 Index return. Risk Free Rate has been taken as average interest rate of 10 years fixed deposit rate of State Bank of India. Further, various statistical tools like average, standard deviation, BETA and the risk adjusted performance measures Sharp, Treynor and Jenson Alpha are employed to evaluate the performance for the above selected period. In this paper comparative study of SIP and Lump-sum investment of selected schemes based on the yearly rate of return is also performed.