Liquidity PositionThis ratio measures how easily an investor can convert an investment into cash without negatively impacting principal or return. It is measured by dividing the participation in the portfolio in terms of shares by the average turnover of the stock in the previous six months. Portfolio ConcentrationFunds that do not have a properly diversified portfolio carry greater risk than well-diversified schemes. This aspect is considered in this report and overexposure to any sector or company is therefore penalized. Fund SizeThis field takes into account the fund's assets under management. Smaller funds are believed to have a disadvantage compared to larger funds. This aspect is captured through this report.Literature ReviewThis paper[1] uses an innovative application of data envelopment analysis of operations research technique to evaluate investment funds. This approach uses the set of production possibilities and finds forms of return to scale. This paper attempts to solve two problems: first, how to combine risk and return, and second, how to deal with negative risks. These problems are solved by identifying appropriate sets of measures. It also addresses the problems of inadequate diversification and deals with the use of iterative approximation procedures. The paper also highlights the relationships between diversification, stochastic dominance and consistent measures of risk. It takes the monthly returns of 30 hedge funds and, after running an iterative procedure on the data within this time period, shows a practical difference in the cases. Possible shortcomings and direction for future research are also briefly discussed.[2]There are as many as 6,500 mutual funds available to investors. Investors pay close attention to Arab bond ratings for less than a year. The instability of the GCC stock market is causing these funds to perform poorly. This paper also examines the consistency of fund performance across Saudi Arabia, Asia and Europe. Considering the future prospects of the past 3-year returns of Asian countries, especially India and China, emerging economies such as Brazil and Russia will continue their current performance in the near future.[9]BPS Murthi, Yoon K. Choi, Preyas Desai, “Efficiency of mutual funds and portfolio performance measurement: a non-parametric approach”, European Journal of Operational Research 98 (1997) 408-418[10]Ioannis E.Tsolas, “Precious metal mutual fund performance appraisal using DEA modeling ”, Elsevier 39(2014 )54–60[11]Bijan Roy and Saikat Sovan Deb, “The Conditional Performance of Indian Mutual Funds- An Empirical Study”, 2003, n.593723 and PP. 1-24