Abstract

The Performance Evaluation of Systematic Investment Plans (SIPs) in Mutual Funds is a crucial way of investment avenue analysis, it aids potential investors in making informed decisions. The present study aims to present a comprehensive comparative analysis of SIPs in selected set of top 30 mutual funds in India through SIPs. The research methodology employed in present study is purposive sampling method of mutual fund schemes based on their SIP returns. The evaluation was implemented using the BSE Sensex for benchmark and 91-day Treasury bills for the risk-free rate. Various tools and techniques such as average return, alpha, beta, Sharpe ratio, Treynor ratio, Sortino ratio, standard deviation, downside capture, and upside capture were employed to analyse the risk and performance of mutual funds through SIPs. The study found fluctuations in the performance of selected mutual fund categories. This comparative analysis of mutual fund performance through SIP contributes to assisting investors in making well-informed investment decisions by means evaluating the performance and risk associated with selected mutual fund schemes.

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