Performance Evaluation of Selected Open Ended Mutual Funds in Pakistan

Mutual fund is a pool of Investment funds collected from different investors with the purpose of Investing in bonds, Securities, Money market Instruments and other related assets. Mutual fund is a tool for small investors to Invest in blue-chip companies. Mutual fund Industry is still in growth stage where dozen of private sector companies are operating in the market whereas very few public sector companies are in operation in Pakistani market. This research is an attempt to study the performance evaluation of selected open ended mutual funds in Pakistan in terms of risk & return relationship. For this purpose rate of return method, Beta, Sharpe ratio & treynor ratio has been brought into play. KSE 30 has been used as a benchmark to examine the comparative performance of selected open ended mutual funds in Pakistan. Study period comprise of years 2013 & 2014.The results and analysis of study showed that only 3 mutual fund schemes have performed better than the benchmark