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| Author | : Soumya Guha Deb |
| Publisher | : LAP Lambert Academic Publishing |
| Total Pages | : 332 |
| Release | : 2011-03 |
| Genre | : |
| ISBN | : 9783844321111 |
Download Performance Evaluation of Indian Equity Funds Book in PDF, ePub and Kindle
The mutual funds in India have registered significant growth and emerged as important financial intermediaries during the past decade or so, manifested by increased mobilization of funds and the increasing number of schemes and investors. To fulfill the expectations of millions of unit holders, the mutual funds are required to function as successful institutional investors. Evaluating performance of mutual fund managers vis-a-vis such a goal, is important for both the investors as well as the fund managers. Fund managers in India, periodically publish various performance reports using standard measures, which may not actually reflect the true investment performance of the funds. The present study evaluated the performance of the equity mutual funds in India during the period from 2000 to 2006, using a new framework.A number of new performance indicators are used for the purpose, and it is hoped that this attempt should highlight the efficiency and true competence of fund managers and augment the existing framework for identifying successful fund managers. It should benefit the investors, regulators, fund managers and other participants in the mutual fund industry in gene
| Author | : Ananda S. |
| Publisher | : LAP Lambert Academic Publishing |
| Total Pages | : 196 |
| Release | : 2013 |
| Genre | : |
| ISBN | : 9783659370274 |
Download Performance Appraisal of Indian Equity Funds Book in PDF, ePub and Kindle
The Mutual Funds have emerged as a favoured investment vehicle among the investors in recent times. The fund houses have been introducing innovative schemes to expand their market. In this backdrop, the authors have made a sincere effort to bring this book out by conducting a detailed performance analysis of equity funds in the context of the Indian financial market. This book provides a structured study of Equity Funds by way of presenting a comprehensive picture of financial performance and evaluation criteria of equity funds. An attempt has been made to help the readers to evaluate the risk and return characteristics of equity funds; to examine the degree of correlation that exists between fund and market return and to understand the impact of fund specific characteristics on the fund performance. The study analyses the performance of 113 equity funds of 25 Indian fund houses. This book provides valuable inputs to the practitioners in the financial services industry including fund managers, investment analysts, portfolio managers, policy makers, academicians, researchers and individual investors.
| Author | : Narayan Rao Sapar |
| Publisher | : |
| Total Pages | : 24 |
| Release | : 2003 |
| Genre | : |
| ISBN | : |
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In this paper the performance evaluation of Indian mutual funds in a bear market is carried out through relative performance index, risk-return analysis, Treynor's ratio, Sharp's ratio, Sharp's measure, Jensen's measure, and Fama's measure. The data used is monthly closing NAVs. The source of data is website of Association of Mutual Funds in India (AMFI). Study period is September 98-April 02 (bear period). We started with a sample of 269 open ended schemes (out of total schemes of 433) for computing relative performance index. Then after excluding the funds whose returns are less than risk-free returns, 58 schemes were used for further analysis. Mean monthly (logarithmic) return and risk of the sample mutual fund schemes during the period were 0.59% and 7.10%, respectively, compared to similar statistics of 0.14% and 8.57% for market portfolio. The results of performance measures suggest that most of the mutual fund schemes in the sample of 58 were able to satisfy investor's expectations by giving excess returns over expected returns based on both premium for systematic risk and total risk.
| Author | : Na Chen |
| Publisher | : |
| Total Pages | : 78 |
| Release | : 2009 |
| Genre | : Mutual funds |
| ISBN | : |
Download Performance Evaluation of Indian Growth Mutual Funds Relative to the Market Book in PDF, ePub and Kindle
| Author | : Prerna Patwa |
| Publisher | : |
| Total Pages | : |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
Download A Comparative Performance Evaluation of Private Sector and Public Sector Equity Funds of India Book in PDF, ePub and Kindle
Mutual fund is an investment avenue which offers different schemes to its investors that match their risk-bearing capacity and generate smart returns. This is a comparative study of the performance of equity funds focusing on the growth of public sector mutual funds and private sector mutual funds. It aims to evaluate the performance of equity funds by analyzing a sample of four companies each from both the sectors and five schemes of similar nature. It basically evaluates the risk-return profile of the funds. Testing the hypotheses using Mann-Whitney U-test, the study reveals that there is a significant difference between the performances of private and public sector mutual funds and that the private sector has performed better than the public sector.
| Author | : Mamta |
| Publisher | : |
| Total Pages | : 8 |
| Release | : 2017 |
| Genre | : |
| ISBN | : |
Download Performance Evaluation of Mutual Funds Book in PDF, ePub and Kindle
Mutual Fund is professionally managed trust that pools the money of various investors and further invests them, into different securities like shares, bonds and short term securities like certificate of deposit, commercial paper etc. and commodities like precious metals. In India the origin of Mutual Funds industry can be traced, since the enactment of UTI (Unit Trust of India) Act, 1963. The mutual funds industry grew successfully and brought about substantial returns to the investors and the public sector. Mutual funds provide opportunities for small investors, to participate in the capital market without assuming a very high degree of risk. An important principle of investment in capital market is that do not put all the eggs in one basket i.e. diversification. A small investor is not able to have a diversified portfolio mainly due to paucity of resources. However, a mutual fund pools together the savings of such small investors and invests the same in the capital market and passes the benefits to the investors. Thus, investors can indirectly participate in the capital market by subscribing to the units of mutual funds. Mutual funds employ professional fund managers to manage the investment activities. Therefore, investors also get benefits of professional expertise of these managers. Daily opening & closing NAV of different schemes have been used to calculate the returns from the fund schemes. BSES ensex has been used for market portfolio. The main aim of this paper is, to evaluate the performance of Indian equity diversified mutual funds. A subsidiary aim is to analyze the relationship between risk and return of these funds, based on total risk and systematic risk. The analysis was achieved, by assessing various financial tests like Average Return, Sharpe Ratio, Treynor Ratio, Standard Deviation, Beta and Coefficient of Determination (R2). The data has been taken from various websites of mutual fund schemes and from amfiindia.com. The analysis depicts that, majority of funds selected for study have outperformed, under Sharpe Ratio as well as Treynor Ratio.
| Author | : Akshay Sakharkar |
| Publisher | : |
| Total Pages | : 7 |
| Release | : 2019 |
| Genre | : |
| ISBN | : |
Download Performance Evaluation of Selected Mutual Fund Scheme's In India Book in PDF, ePub and Kindle
Mutual fund plays a crucial role in the Indian economy. Mutual funds are considered to be the vehicle for mobilization and channelization of savings from individual investors to towards the various capital market instruments. Evaluation of the performance of mutual funds particularly is of a great interest to the researcher across the world. The study attempts to evaluate the past performance of selected open-ended equity funds. The study is based on the secondary data restricted for a period of one year i.e. from 1st January 2016 to 31st December 2016. To analyze the performance of selected mutual funds which are open-ended equity funds four conventional or unconditional methods of performance evaluation are used. They are Sharpe's Ratio, Treynor's Ratio, Jensen's Measure and Information Ratio. Investors today's have a wide range of investment avenues available and choosing one of them is a quite horrifying task for any investor. Every investment has its own characteristics in terms of risk with while choosing a best fund to park the resources is a crucial task for any investor certain predetermined developed and widely accepted models and techniques are available to determine the performance of funds and make decision of investment. The present paper aims at throwing light on such model and helps to analyze funds in terms of risk-return analysis.
| Author | : Muruganandan S |
| Publisher | : |
| Total Pages | : 16 |
| Release | : 2016 |
| Genre | : |
| ISBN | : |
Download Performance Evaluation of Indian Fund of Mutual Funds Book in PDF, ePub and Kindle
This paper examines the performance of Indian Fund of Mutual Funds (FoFs) during the period from April 2008 to March 2011. The performance of each FoFs during the study period is assessed by employing the performance measures of average excess return, Sharpe ratio and Jensen's alpha. Sharpe ratio and Jensen alpha indicate that most of the selected funds give higher return than the market index for the given level of risk. Hence, it is concluded that the selected funds outperformed the benchmark index i.e. BSE 500 index during the study period.
| Author | : Ganapatrao Yashwant Shitole |
| Publisher | : |
| Total Pages | : 346 |
| Release | : 2012 |
| Genre | : Mutual funds |
| ISBN | : 9788184353068 |
Download Performance Evaluation of Mutual Funds in India Book in PDF, ePub and Kindle
| Author | : Sharad Panwar |
| Publisher | : |
| Total Pages | : 19 |
| Release | : 2006 |
| Genre | : |
| ISBN | : |
Download Characteristics and Performance Evaluation of Selected Mutual Funds in India Book in PDF, ePub and Kindle
The study used sample of public-sector sponsored amp; private-sector sponsored mutual funds of varied net assets to investigate the differences in characteristics of assets held, portfolio diversification, and variable effects of diversification on investment performance for the period May, 2002 to May, 2005. The study found that public-sector sponsored funds do not differ significantly from private-sector sponsored funds in terms of mean returns%. However, there is a significant difference between public-sector sponsored mutual funds and private-sector sponsored mutual funds in terms of average standard deviation, average variance and average coefficient of variation (COV). The study also found that there is a statistical difference between sponsorship classes in terms of e SDAR (excess standard deviation adjusted returns) as a performance measure. When residual variance (RV) is used as the measure of mutual fund portfolio diversification characteristic, there is a statistical difference between public-sector sponsored mutual funds and private-sector sponsored mutual funds for the study period. The model built on testing the impact of diversification on fund performance and found a statistical difference among sponsorship classes when residual variance is used as a measure of portfolio diversification and excess standard deviation adjusted returns as a performance measure. RV, however, has a direct impact on Sharpe fund performance measure.
