Study of mutual funds would be one of the main instruments of property creation. The wealth saving in mutual funds giving positive results. The mutual fund industry in India has a more successful rate in the last many years. As compare other developed nations, the growth in the mutual fund industry in India is still lacking far behind. The lack of awareness, trust on companies, and policy developers for mutual funds is the main reasons for poor growth of mutual fund industry in India.

In the year 1963, with the formation of Unit Trust of India the mutual fund industry in India was started. This led to growth of mutual fund industry in India and as growth of companies from 1 to 42 companies in number. These mutual fund companies gave wide investment choice for the new investors with the wide variety of schemes. Also this wide variety of funds equity diversified fund is considered as substitute for direct stock market investment. Finally, careful evaluation using appropriate performance measures will lead the new investor in selecting the best funds.