<b>A Study on Performance of Mutual Funds</b> The Indian Corporate sector is facing the challenge in commensuration of the risk involved with the expected level of the return. In this scenario of fluctuating capital market, the risk level never payoff with the returns. Mutual funds mobilise the savings of the people and channelise it to the money and capital market. One of the main advantages of mutual funds over any other investment to small investor is that they give small investors access to professionally managed, diversified portfolio of equities, bonds and other securities, which is rather impossible for a small investor to create with a small amount of capital he she owns. Mutual funds constitute a very important component of the capital market in developed countries and are now becoming vibrant in emerging markets like India. In But there being so many mutual fund companies offering similar plans that an investor needs to be careful regarding his her investment adjust by not picking up the right company he may land up losing some bucks that may have earned by investing in the right company. Risk, Return, Sharp Value 1442-1443 Issue-5 Volume-4 C. Jagadeesh | Dr. P. Basaiah