Published Online:July 2025
Product Name:The IUP Journal of Accounting Research & Audit Practices
Product Type:Article
Product Code:IJARAP190725
DOI:10.71329/IUPJARAP/2025.24.3.393-407
Author Name:Myada Vamshidhar and Sarpatwar Sreyesh
Availability:YES
Subject/Domain:Finance
Download Format:PDF
Pages:393-407
The paper presents a comprehensive evaluation of the growth, performance and riskreturn dynamics of solution-oriented mutual fund schemes in India, focusing specifically on children’s and retirement funds. It analyzes the evolution of these schemes in terms of assets under management (AUM) and number of folios, tracing their development particularly after the Securities and Exchange Board of India (SEBI) introduced scheme rationalization guidelines in 2018. Selecting representative funds from both categories, the study assesses annual returns, volatility and key risk-adjusted metrics, including Sharpe ratio, beta, alpha, standard deviation, and Jensen’s alpha over, multiple timeframes. These performance indicators are compared against the Nifty 50 TRI benchmark to determine relative outperformance. The findings reveal that certain funds, especially those with higher equity allocations, consistently outperformed benchmarks and peers, offering better returns for long-term investors despite associated risks. The analysis highlights significant variations in fund performance based on asset mix, investment horizon, and fund management strategy.
A strong financial market with broad participation is essential for a developed economy. For the past few years, Indian capital markets have been showing their potential in competing with the global capital markets with substantial growth and performance (Annapoorna, 2013).