Mutual funds raise assets and invest these funds in stock and other securities from a wide

number of investors. The idea of mutual funds was built to pool small investor resources and
deploys the same through equity and other debt instrument participation on the stock market.
Mutual fund provides a diversified portfolio for creditors and even low cost qualified
management. Over the past decade, mutual funds have become more and more an instrument
of choice for investors to invest long-term. Indian economy as a whole is undergoing
comprehensive reforms in terms of interest rate cuts by RBI and regulating bank transactions
via Permanent Account Number in addition to bad signs such as volatile exchange prices, oil
price changes. Financial market inadvertently faces slowdown because of all of the above
reasons. Obviously, performance of the mutual funds is subject to market conditions. This
work aims at analyzing and comparing the performance of various categories of mutual fund
houses in this particular situation and also finding out the fund performs better than its peers
in that particular category. The researcher focused on categories of equity fund, balanced
fund, liquid fund, index fund, gold fund and revenue fund.