Comparative Analysis of Aggressive Hybrid Funds' Performance among Indian Private Banks

K. Jaya Surya, P. Venkateswarlu

Abstract: This paper presents a comprehensive analysis of aggressive hybrid mutual funds offered by Indian private banks. The study aims to evaluate the risk and return characteristics of these funds, providing valuable insights and recommendations for investors considering investments in this category. Employing a robust quantitative research design, the analysis utilizes historical data from six chosen funds operating between 2017 and 2023.Various performance metrics, including standard deviation, beta, Sharpe ratio, Treynor ratio, and Jensen's alpha, are meticulously employed to assess risk-adjusted returns and volatility. By considering these metrics, the study aims to offer a holistic view of the funds' performance. The findings of the analysis reveal noteworthy variations in the performance of different funds. Some funds consistently deliver attractive risk-adjusted returns, demonstrating resilience even during volatile market conditions. On the other hand, certain funds display moderate fluctuations in their performance, warranting a closer examination of their underlying investment strategies. Investors are advised to consider the risk appetite and investment objectives before making decisions, as the funds' performance may align differently with different individual portfolios.

Keywords: Aggressive Hybrid Funds, Banks, Mutual Funds, Performance Evaluation, Return, Risk