Mutual fund continue to be an efficient vehicle offering varied investment products at a reasonable cost to household to participate in the long term growth prospects of our economy.  An attempt has been made through this article to evaluate and compare the performance of selected mutual fund Sectoral Schemes in India for the study period 2003 to 2016. The risk-free rate of return is assumed to be 8 per cent p.a. The risk return analysis reveals that all selected schemes performed better than the benchmark return during the study period. The average performance of sample schemes was also outstanding throughout the study period.

KEYWORDS: Systematic Risk, Sharpe’s Ratio, Treynor Ratio, Jensen’s Ratio, Market Index