Background: The present investigation was effectuated to study mungbean germplasms with an objective to estimate the genetic variability parameterssuch as coefficient of variation, heritability andgenetic advance for yield and its contributing traits. Method: The experimental material comprises of forty mungbean genotypes evaluated during Kharif-2017. An experimental study was conducted with emphasis on the selection of superior along with highly variable genotypes thatwere analyzed in Randomized Block Design (RBD) with three replications. Result: The results of the analysis of variance (ANOVA) revealed thatthe genotypic variations were significant for all of the traits and magnitude of variation was found high for clusters per plant followed by harvest index and seed yield per plant. High heritability coupled with high genetic advance was recorded for clusters per plant (96.00%, 65.48%), seed yield per plant (96.00%, 45.78%), pods per plant (93.00%, 44.81%), harvest index (86.00%, 44.42%). Thus, the present findings could be beneficial to develop superior genotypes through selection in mungbean breeding program.