The article evaluates the performance of different equity mutual funds in India to help investors make profitable decisions. The researchers focused on large-cap, mid-cap, and small-cap funds, analyzing their risk-return relationship using statistical measures like Jenson's alpha and Sharpe ratio. They found that 10 out of 15 funds performed well in a volatile market, emphasizing the importance of considering risk ratios before investing. This study provides valuable insights for investors looking to make informed choices for their future investments.