Abstract :In India capital market provide various investment avenues to the investors, tohelp them to invest in various industries and to ensure the profitable return. Amongvarious financial products, mutual fund ensures the minimum risks and maximumreturn to the investors, Growth and developments of various mutual fundsproducts in the Indian capital market has proved to be one of the most catalyticinstruments in generating momentous investment growth in the capital market. Inthis context, close monitoring and evaluation of mutual funds has become essential.Therefore, choosing profitable mutual funds for investment is a very important issue.