Download or read book Performance Evaluation of Indian Equity Funds written by Soumya Guha Deb and published by LAP Lambert Academic Publishing. This book was released on 2011-03 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book Performance Appraisal of Indian Equity Funds written by Ananda S. and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Performance Evaluation of Indian Mutual Funds written by Narayan Rao Sapar and published by . This book was released on 2003 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book A Comparative Performance Evaluation of Private Sector and Public Sector Equity Funds of India written by Prerna Patwa and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Performance Evaluation of Mutual Funds written by Mamta and published by . This book was released on 2017 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Performance Evaluation of Indian Growth Mutual Funds Relative to the Market written by Na Chen and published by . This book was released on 2009 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Performance Evaluation of Selected Mutual Fund Scheme s In India written by Akshay Sakharkar and published by . This book was released on 2019 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Performance Evaluation of Indian Fund of Mutual Funds written by Muruganandan S and published by . This book was released on 2016 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Performance Evaluation of Selected Equity Mutual Funds in India written by Shivam Tripathi and published by . This book was released on 2020 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: In India capital market provide various investment avenues to the investors, to assist them to take a position in various industries and to make sure the profitable return. Among various financial products, open-end fund ensures the minimum risks and maximum return to the investors, Growth, and developments of varied mutual funds products has proved to be one among the foremost catalytic instruments in generating momentous investment growth within the capital market. During this context, close monitoring and evaluation of mutual funds became essential. Therefore, choosing profitable mutual funds for investment may be a vital issue. This study deals with the equity mutual funds that are offered for investment by the varied fund houses in India, this study mainly focused on the performance of selected equity(large-cap, mid-cap, smallcap) open-end fund schemes in terms of a risk-return relationship. The most objective of this research work is to analyse the financial performance of selected open-end fund schemes through statistical parameters like (Jenson's alpha, beta, standard deviation, Sharpe ratio). The researcher concluded that 10 funds out of 15 performed well in a highly volatile market. The researcher found that an investor must consider risk ratios of the fund before investing. The findings of this research study are going to be help full to investors for his future investment decisions.

Download or read book Performance Evaluation of Mutual Funds in India written by Ganapatrao Yashwant Shitole and published by . This book was released on 2012 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Characteristics and Performance Evaluation of Selected Mutual Funds in India written by Sharad Panwar and published by . This book was released on 2006 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book A Study On Performance Evaluation Of Select Mutual Funds In India written by Dr B Ratnavalli and published by Archers & Elevators Publishing House. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Performance Evaluation of Selected Open Ended Equity Funds for the Post Recession Period written by Anu Sahi and published by . This book was released on 2015 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global recession has marred the countries worldwide. The ever-growing Indian economy is no exception and has finally encountered a slowdown and the results are crystal clear. The lower GDP, increased inflation rate, increased job searches are some of the highlighting factors signaling the impact of global recession. The present study attempts to unveil the performance of selected mutual funds during post global recession i.e. period from March 2009-March 2012. Traditional performance measures like Sharpe ratio, Treynor ratio and Jensen's alpha are widely used performance measures based on mean variance framework and are used to evaluate the selected mutual fund schemes. The study discovered that on comparison of rate of return of sample schemes with the benchmark return, majority of the equity mutual funds have outperformed the benchmark. However, when the mean return of the entire sample is considered, it does not show significantly different return from that of the benchmark Sensex. However, an analysis based on risk-adjusted performance, showed a different picture where most of the funds in the sample have posted positive and better Sharpe, Treynor's ratio as well as Jensons alpha, compared to the benchmark Sensex. In short, it can be said that although the study provides some evidence of satisfactory performance in terms of returns generated per unit of risk, yet a conclusive statement regarding the capabilities of mutual funds as an investment avenue is still obscure.

Download or read book Performance of Mutual Funds written by Bhavinkumar Arvindbhai Patel and published by LAP Lambert Academic Publishing. This book was released on 2012-07 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mutual funds in India: a comprehensive review is an outcome of extensive research work carried out by Dr. Bhavinkumar A. Patel. The basic objectives of this book includes (A) In-depth analysis of mutual fund industry in India (B) Performance evaluation of selected growth oriented schemes operating in India by different blue chip companies and (C) Analysis of perception of investors, brokers and fund managers. This book focuses on the real life growth and development of the mutual fund industry in India considering different parameters like Assets Under Management (AUM), fund mobilized, redemption and repurchase of funds, total schemes launched and in operation under different categories, analysis of growth oriented mutual fund schemes by applying well established measures like Sharpe, Treynor, Jensen and Fama's Net Selectivity. Moreover, it also highlight the perception of investing community and mutual fund professionals. This book would surely provide strong platform to students and professors of finance, mutual fund research scholars, practicing mutual fund professionals and investing community at large.

Download or read book FUNDAMENTALS OF MUTUAL FUNDS written by Mr. Hashim Khan and published by Authors Click Publishing . This book was released on 2024-07-25 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Fundamentals of Mutual Funds" offers a thorough exploration of the principles, operations, and strategies that define the mutual fund industry, with a focused examination of the Indian context. This book is an essential resource for students, finance professionals, individual investors, and educators alike, providing both foundational knowledge and practical insights into the complexity of mutual fund management. Exploring the evolution and current state of mutual funds, this book covers key topics such as investment objectives, fund types, regulatory frameworks, and performance evaluation. It explains complex concepts with clarity, supported by real-world examples and case studies that illustrate best practices and common pitfalls in mutual fund investing.

Download or read book Mutual Funds written by Jaspal Singh and published by Deep and Deep Publications. This book was released on 2006 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Indian context.

Download or read book Performance Evaluation of Ethical and Conventional Funds A Study of Taurus Mutual Fund in India written by Vanita Tripathi and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the significant developments in the investing community is the rise of socially responsible or ethical investments during last two decades. Because of the increasing size and importance of ethical mutual funds, this paper seeks to evaluate and compare the performance of ethical mutual funds with general funds and benchmark index (S&P BSE Shariah 500 Equity Index) in the Indian market. The sample comprises of six ethical fund schemes and three general fund schemes of Tauras mutual fund over the period 2009-2014 using weekly NAVs. The study uses return, risk, risk-adjusted measures (Sharpe ratio, Treynor ratio, Jensen's alpha and information ratio), Fama's decomposition measure, paired samples t-test and growth regression equation to accomplish the objectives. The findings suggest that some of the ethical funds generated significantly higher return than other funds and benchmark index. Despite having higher risk, ethical funds outperformed other funds and benchmark index on the basis of various risk-adjusted measures and net selectivity returns. This indicates that the compromise made with respect to diversification by investing in ethical funds was well rewarded in terms of higher returns in Indian context. Our findings lend support to the case of ethical investing in India. Mutual funds and other investment funds should launch schemes which invest in socially responsible or ethical stocks.