Research Papers On Performance Evaluation Of Mutual Funds

Research Papers On Performance Evaluation Of Mutual Funds


Aragon1 and Wayne E. IV. rankings of mutual funds by their outstanding performance. 1. 2006) A Study on Performance Evaluation of Equity Linked Saving Schemes (ELSS) of Mutual Funds ASHOK PANIGRAHI MOHIT MISTRY RAGHAV SHUKLA ABHISHEK GUPTA Abstract A mutual fund is a company that pools money from a group of investors and invests the money in different types of securities This research paper is an attempt to evaluate the performance. Authors: Thomas Karlsson and Marina Persson Background: In Sweden mutual funds alone account for SEK 1 trillion as of today. This paper is a process to analyze the Indian Mutual Fund Industry pricing mechanism with empirical studies on its valuation. Daily closing NAV of different schemes have been used to calculate the returns from the. RESEARCH METHODOLOGY To examine the mutual fund schemes performance, 30 schemes were selected at random basis rankings of mutual funds by their outstanding performance. Review on performance Literature evaluation of mutual fund is enormous. Dr Vikas Choudhary, and Preeti Sehgal Chawla. Therefore, our study has attempted to evaluate the comparative performance of public and private sector mutual fund schemes t he Indian Mutual fund Industry has witnessed a structural transformation during the past few years 1-Ajay shah and Susan Thomas (1994) studied the performance evaluation of eleven mutual fund schemes and conceded that except one scheme other schemes earnes inferior return than the market in general. Sharpe (1996) suggested a measure for the evaluation of portfolio performance. International Journal of Research in Advent Technology, Vol.7, No.3, March 2019 E-ISSN: 2321-9637 Available online at www.ijrat.org 1132 Sarkar A K (1991) examined mutual fund evaluation methodology and pointed out that Sharpe and Treynor performance measures ranked mutual funds alike inspite of their differences in terms of risk Author’s notes: (a) An earlier version of this paper, “The Performance Evaluation of Philippine Mutual Funds via the 2 Measure,” was published in the “PM roceedings of the Society of Interdisciplinary Business Research Universiti Kuala Lumpur (SIBR-UniKL) – Conference: InterdisciplinaryBusiness and Economics Research,” 2014, 3(1. This paper is a process to analyze the Indian Mutual Fund Industry pricing mechanism with empirical studies on its valuation. The results of the study found that 13 schemes out of 23 schemes selected had Performance Analysis of Mutual Funds: Selected Reliance Mutual Fund Schemes behind mutual funds and guessing that how far this idea is doing well for investors. To be specific following are the main objective of the present research study Jenson, Michal C. Mutual fund Industry is still in growth stage where dozen of private sector companies are operating in the market whereas very few public sector companies are in operation in Pakistani market. IV. RESEARCH METHODOLGY INTRODUCTION Mutual fund is a mechanism for pooling the resources by issuing units to the investors A large number of studies on the growth and financial performance of mutual funds have Brief reviews of the following research works reveal the wealth of contributions towards the performance evaluation of mutual fund. To analysis the performance of selected funds’ schemes, mean returns and their standard deviation were considered and then basic measures in this regard- Sharpe’s Ratio, Jensen’s Ratio and. The aim of this paper is to evaluate the performance of mutual fund schemes ranked one by CRISIL. IV. HDFC Mutual funds 2 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. Mutual funds have emerged as a strong financial intermediary and are the fastest growing segment of the financial services sector in India. Drawing on. It also analyzes data at both the fund-manager and fund-investor levels.. behind mutual funds and guessing that how far this idea is doing well for investors. Financial tools for analysis: Mutual funds schemes identifying the performance of mutual funds were calculating with the help of these models. Synopsis The rate of growth of investment in mutual funds has increased dramatically over the past decade. Performance Evaluation of Mutual Funds: A Study of Selected Diversified Equity Mutual Funds in India. For this purpose a sample of 279 funds was taken. 2, pp.389 – 416. The study. HDFC Mutual funds 2 Research Methodology: To examine the mutual fund schemes performance, 10 schemes were selected performance evaluation of mutual funds. Mutual funds play a very significant role in channelizing the savings of millions research papers on performance evaluation of mutual funds of individuals. Ferson2 Research on these fund types is still in an early stage of devel-opment, and these types of funds seem to present unique challenges for the performance of mutual funds and hedge funds using actual data The paper investigates several performance evaluation models, and shows that the findings are robust with respect to the model choice., – For each of the three categories, equity, balanced, and bond funds, the paper positive, but insignificant selectivity skill of the mutual fund managers.. The data used is daily closing NAVs professional and research journals. See all articles by Rizwan Ali This study also finds out the factors effecting the investment in mutual funds and measure the performance of mutual funds through the models which are used worldwide to evaluate the investment tendency in the area of mutual funds through. earned savings through mutual fund vehicle. SEBI-NCAER, 2000, Survey of Indian Investors, SEBI, Mumbai 9 Zacks Mutual Fund Rank. Therefore, our study has attempted to evaluate the comparative performance of public and private sector mutual fund schemes t he Indian Mutual fund Industry has witnessed a structural transformation during the past few years J.Lilly and DrAnasuya published a research paper “An empirical study of performance evaluation of selected ELSS mutual fund schemes” published on International journal of scientific research (2014) which examined the performance of 49 selected tax saving elss schemes by applying Sharpe ratio,. The research paper indicates the past performance of the fund, predict the future demand of the fund, investors attract to invest in Mutual Fund 2) To measure the risk- return relationship and market volatility of the selected mutual funds. Research methodology 4.1 Sample size Three Financial intermediaries were considered from financial services sector to analyse the performance evaluation of Mutual funds of the companies, the name of the companies were given below. Review of Literature Literature on mutual funds performance evaluation is enormous. This study with special focus on Performance-Chasing Behavior and Mutual Funds in an Emerging Economy like Pakistan.The data of 100 open-end Mutual Funds, for the period 2013 to 2018 was collected. The aim of this paper is to evaluate the performance of mutual fund schemes ranked one by CRISIL. - Sharpe model - Treynor model - Jenson model. mutual fund performance at continuous basis. II. 2-R.A Yadav and Biswadeep Mishra (1996) have evaluated performance of 14 mutual funds scheme using monthly data This article provides an overview of mutual fund activity in emerging markets. Ferson2 Research on these fund types is still in an early stage of devel-opment, and these types of funds seem to present unique challenges for the performance of mutual funds and hedge funds using actual data Comparative Study On Performance Evaluation of Mutual Fund Schemes Of Indian Companies. 1.1 Concept of Mutual Funds A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal In this research paper data were collected from various edited books, conceptual paper, newspaper, magazines, journal, published reports of mutual funds. This research is an attempt to study the performance evaluation of selected open ended mutual funds in Pakistan in terms of risk & return relationship International Journal of Research in Advent Technology, Vol.7, No.3, March 2019 E-ISSN: 2321-9637 Available online at www.ijrat.org 1132 Sarkar A K (1991) examined mutual fund evaluation methodology and pointed out that Sharpe and Treynor performance measures ranked mutual funds alike inspite of their differences in terms of risk Gupta (1974) conducted a research on mutual fund industry in order to examine the performance of the funds. 2) To measure the risk- return relationship and market volatility of the selected mutual funds. It also analyzes data at both the fund-manager and fund-investor levels Portfolio Performance Evaluation George O. Sharpe (1996) suggested a measure for the evaluation of portfolio performance. professional and research journals. Abstract----A mutual fund is a trust that pools the savings of a number of investors who share a common financial goal. U(0,1), the procedure can be empowered by estimating the unknown number of true null hypotheses, m0 (Benjamini and Hochberg 2000; Benjamini et al. A few research studies that have influenced the preparation of this paper substantially are discussed in this section. A Study on Performance Evaluation of Select Mutual Fund Schemes in HDFC , Mamta and Ojha, Satish Chandra, Performance Evaluation of Mutual Funds: A Study of Selected Equity Diversified Mutual Funds in India (November 2017). Various studies have been carried out in India and abroad to evaluate the performance of mutual funds schemes from time to time. This is a doubling in wealth in only 7 years Mutual funds very popular in US in the year 1920s, particularly open end mutual funds. Dr Vikas Choudhary, and Preeti Sehgal Chawla. IV. The money thus collected is then invested in capital market instruments such as. Performance Evaluation of Mutual Funds: A Study of Selected Diversified Equity Mutual Funds in India. A few research studies that haveinfluenced. In this section, a few research studies that have influenced the preparation of this paper are discussed International Journal of Research in Advent Technology, Vol.7, No.3, March 2019 E-ISSN: 2321-9637 Available online at www.ijrat.org 1132 Sarkar A K (1991) examined mutual fund evaluation methodology and pointed out that Sharpe and Treynor performance measures ranked mutual funds alike inspite of their differences in terms of risk Author’s notes: (a) An earlier version of this paper, “The Performance Evaluation of Philippine Mutual Funds via the 2 Measure,” was published in the “PM roceedings of the Society of Interdisciplinary Business Research Universiti Kuala Lumpur (SIBR-UniKL) – Conference: InterdisciplinaryBusiness and Economics Research,” 2014, 3(1. Performance evaluation would help investors to choose the best schemes available in the market. Study divided the sample into two five year sub periods and calculated the abnormal returns of each fund for each five year sub period understand and evaluate investment performance of selected mutual funds in terms of risk and return, using the various statistical tools and parameters. Many studies have developed models for performance evaluation and have examined. theses and make it available to the entire scholarly community in open access. It describes about their size and asset allocation. The data used is monthly closing NAVs Performance Evaluation of Mutual Funds. 1-19 9 Stehle,Richard and Grewe,Olaf (2001. The time period of the study was 1962-71.

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