RISK-RETURN ANALYSIS OF SELECTED LARGE-CAP MUTUAL FUND SCHEMES

This quantitative study provides an exhaustive risk-return evaluation of nine prominent large-cap mutual fund regular plan schemes. Utilizing a robust dataset of performance metrics, the research assesses volatility, systematic risk, and the efficacy of active management through the lens of a Senior Financial Analyst. All analysed funds Aditya Birla Sun Life, Axis, DSP, Franklin India, HDFC, ICICI Prudential, Kotak, Nippon India, and SBI are classified under a Very High risk profile according to the standard Risko meter, yet display significant variance in performance efficiency. The analysis reveals a substantial 5.39% spread in Alpha between the top and bottom performers, ranging from Nippon India Large Cap Funds 3.72 to Axis Large Cap Funds -1.67. By examining risk-adjusted metrics such as the Sharpe and Sortino ratios alongside Information Ratios, this study identifies Nippon India Large Cap Fund and DSP Large Cap Fund - Regular Plan as the superior vehicles for alpha generation and downside protection, respectively. The high R-Squared values across the cohort suggest varying degrees of benchmark tracking, providing critical insights for investors seeking to optimize large-cap exposure.