After 1991 Liberalization, Privatization, Globalization policy large numbers of financial institutions have entered into the market with emerging products. Mutual funds are one of them. The last decade has seen a tremendous growth in the mutual fund industry. Now a days the Indian market is swamped with more than a thousand mutual fund schemes, promising better returns than others. Mutual Funds are basically investment vehicles where people with comparable investment objective come together to pool their money and then invest accordingly

ELSS mutual funds, Average return, Beta, Coefficient of Determination, Standard deviation, the Sharpe ratio, Trynor ratio, and Jenson alpha performance index