At present Small Scale Investments, mutual funds have taken time in coming to India and dominant feature for the last several years in the investment markets in the west and in the country of their origin, in USA they have become as ancient as money itself. The Unit Trust of India having dominated the scene as the only institution of its kind all this time. After two decades of UTI monopoly some public sector organizations like LIC (1989), GIC (1991), SBI (1987), Can Bank (1987), and India Bank (1990) have been permitted to set up mutual funds. The research provides higher and better average return than the market. In India Opportunities Fund is the best performer with higher average return and lower risk, it is good for investors.