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 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 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 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 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 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 Performance Evaluation of Selected Equity Shares in It Industry India written by Naveen Kumar and published by . This book was released on 2019 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stock market is a market where a number of securities are traded such as equity shares, debentures, bonds, insurance products, mutual funds etc. mostly the existing securities are traded in this market. India has one of the oldest stock markets in Asia and this stock exchange is the Bombay Stock Exchange which was established in 1875. It was started under the banner of “The Native Stock and Share Brokers Association”. Equity funds have the objective to provide capital appreciation over a long term. A major portion of their investments is in equities which provide potentially superior returns than other avenues of investment. Equity schemes offer potentially the best possible returns among all mutual fund schemes but carry the highest risk as well. The main objectives of this research work is to evaluation of selected equity shares in IT industry, India.
Download or read book Performance Evaluation of Select Mutual Funds in India written by R. Prasantha Kumar and published by . This book was released on 2016-05-20 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Study on Performance Evaluation of Equity Share and Mutual Funds written by Deepak Adhana and published by . This book was released on 2020 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present paper is based on the study of comparing and analyzing the equity fund schemes in respect of bare risk and return. Further the paper compares and analyzes the mutual fund schemes in respect of bare risk and return. The research also studies the average risk and average return of selected companies of Mutual Funds as well as of Equity Shares. The paper in the end, studies the relationship between the risk and return of Equity Shares and Mutual Funds.
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 Performance Evaluation of Selected Open Ended Mutual Funds in Pakistan written by Mohammad Ali and published by . This book was released on 2015 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mutual fund is a pool of Investment funds collected from different investors with the purpose of Investing in bonds, Securities, Money market Instruments and other related assets. Mutual fund is a tool for small investors to Invest in blue-chip companies. 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. This research is an attempt to study the performance evaluation of selected open ended mutual funds in Pakistan in terms of risk & return relationship. For this purpose rate of return method, Beta, Sharpe ratio & treynor ratio has been brought into play. KSE 30 has been used as a benchmark to examine the comparative performance of selected open ended mutual funds in Pakistan. Study period comprise of years 2013 & 2014.The results and analysis of study showed that only 3 mutual fund schemes have performed better than the benchmark.
Download or read book Mutual Funds written by Bhuvaneswari Palanisamy and published by LAP Lambert Academic Publishing. This book was released on 2012-03 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the market timing ability and stock selection ability of Managers of Indian Equity Mutual Fund Schemes by using different variables. Mutual Fund Institutions in India have grown significantly over the years. These institutions certainly play a crucial role in the Indian Economy. The rapid growth of Mutual Funds has compelled us to take a deeper look into the performance of Mutual Funds, taking into account the expectations of investors, ability of Fund Managers Portfolio Managers to time their entry into the market and choose the right stock. This would enable the investors to assess how much returns has been generated by Portfolio Managers and what risk level was assumed in generating such funds. Similarly, Fund Managers would be able to identify their fund performance over the time. The study on performance evaluation also provides a mechanism for identifying strengths and weaknesses of Fund Managers in the investment process under different market conditions and helps them to take corrective actions.
Download or read book A Comparative Study on Performance Evaluation of Selected Mutual Fund Tax Saving Schemes written by Rajib Deb and published by . This book was released on 2019 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the emergence of the capital market, the Indian capital market also witnessed a significant institutional development in the form of a diversified structure of mutual funds. Mutual Funds have become a widely popular and effective way for investors to participate in financial markets. In present market trend, Mutual Fund is one of the revolutionary investment alternatives. In present economic liberalization scenario investors with their huge surplus funds, needs highly diversifiable instrument alternative for moderate returns with low risk, with this the Mutual Fund got significance in Indian capital market. Mutual Fund is a productive package for an investor with limited finances.Tax saving scheme is among the popular mutual fund schemes which has been attracting investors toward them. Thus, it is relevant from the view point of the investors to know the performance of the various tax saving schemes of mutual funds.In this present study an attempt has been made to find out the performance of various tax saving mutual fund offer by various mutual fund companies. Tax saving Mutual Fund schemes is one of the important constituents of Mutual Fund Companies and it has been gaining demand rapidly due to its tax advantages. In this project the performance evaluation of some of the Indian tax saving mutual fund is carried out through relative performance index, such as Treynor Ratio, Sharpes ratio etc. The present work will also give an idea to the investors as a financial advisor regarding investment in mutual fund schemes.
Download or read book Security Analysis and Portfolio Management written by Donald E. Fischer and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2010 Pearson Prize Teen Choice Award winner -Nowhere Feels Like Home doesn't miss a beat as it picks up from the exciting conclusion of Misfit McCabe. Stuck in bed with a broken ankle and reeling from the loss of her father, her home, and life as she knew it, Katie McCabe must deal with her anger toward the town bully and a world that's fallen apart.2nd book in the Misfit McCabe series
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.
