Mutual funds have become an important investment vehicle for Indian households in the last two decades owing to many structural, regulatory and technological changes. Indian stock markets which were hereto driven by foreign institutional investors are now led by domestic financial institutions and that too mutual funds. Since investors investing in mutual funds pay asset management fees to mutual funds, it is essential for them to know how these actively managed funds have performed and the returns that provide commensurate with the risks that they have taken. Additionally, the schemes have achieved their investment objectives or not. In this paper, we examine the performance of various types of mutual fund schemes as per their investment objectives for SBI Mutual Fund. We examine equity-oriented growth schemes under the categories of Equity Linked Savings Schemes (ELSS), Multi and Flexicap Funds and Sectoral/Thematic Funds. We use the conventional measures to evaluate the performance of these schemes and also look at their risk and return profile. Our findings show that generally these schemes have performed well during the last 5 years keeping in view their investment objectives.