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Abstract
Mutual fund is a professionally managed in which the professional managers who pool the money through various sources and invest the money into equity, debt and other sources. These managers are professional and have all the knowledge about the market, the risks and returns involved which is the major drawback of the investment being made by an individual investor. These investments are spread across the industry which leads to diversification of risk. The mutual fund offers number of schemes and thus making it easy for investor to choose the fund on basis of his risk and return perception. The present study aims to compare and analyse performance of Multicap equity schemes and their benchmarks, competitors and other avenues of investment. Hence it seeks to find out whether the returns of selected equity schemes of Reliance mutual funds are able to outperform their benchmarks. Then it seeks to determine how these schemes fare against their competitors.Results showed mutual funds of all 7 companies are higher than their benchmark. Investors can get higher returns by investing in mutual funds than their self-managed portfolio.