This book deals with the overall concept of Mutual Funds which is a very popular investment avenue. It is based on my study which deals with the performance analysis of few selected equity diversified mutual funds in context with the global financial crisis of the year 2008. The effect of this crisis on return generated by mutual funds(performance)has been analysed through Correlation, ANOVA, t-test coefficient of variation, Sharpe Ratio, Alpha, Beta, R Square and similar statistical tools and tests. An in depth analysis of the of Mutual Funds types and the role of Mutual Funds in the financial market is also discussed in details here along with an overview of the Indian Financial Markets.Thus the reader would be able to get an exhaustive understanding of the performance of Mutual Funds during the global meltdown and in the so called recovery phase that is before and after the year 2008. This book addresses all these issues in Mutual Funds in a concise and precise manner so that the readers and research scholars can find all the relevant information in one place. It will help all the stakeholders of the mutual fund industry in India to make better informed decisions.