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 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 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 A Brief Analysis of Performance and Persistence of Selected Mutual Fund Schemes written by Moid U. Ahmad and published by . This book was released on 2015 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Any study of financial markets during a financial crisis always gives important findings. The time period in this study includes the time period which went into the making of the U.S. financial crisis. It analyzes the trend and tries to study the performance as well as persistence in performance. In this paper the performance evaluation of Indian mutual funds is carried out using certain tertian traditional and modern techniques. The objective of the paper is dual, first to analyze the performance and persistence in mutual funds and second, to be used as a case for understanding the technical concepts related to performance in investments.

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 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 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 Mutual Funds in India written by Nalini Prava Tripathy and published by Excel Books India. This book was released on 2007 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This well organised, lucidly written textbook explains the basic concepts of mutual fund, operational policies, practices, investment in securities, some aspects of portfolio management, selection, mutual fund marketing, and detailed analysis of the latest developments in mutual fund industries. Apart from this, the book is well equipped with the fundamentals of research with details of statistical tools required for analysis in research work.This comprehensive book is intended as a text for students of management, research scholars, and is a useful reference for practising managers and investors as well as finance professionals who have an interest in this increasingly expanding area. It would also be immensely useful to those pursuing professional courses in marketing and finance area.Key Features:v Pedagogically rich to help students retain and apply chapter conceptsv Comprehensive coverage of Indian financial regulatory bodies and practicesv Discusses in detail about the current status of development and future prospects of mutual fund industry in Indiav Provides exercises to test the students grasp of the subjectv Cases in the Indian contextv Highlights latest trends with figures and tables

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 Persistence Survivorship Bias in Mutual Funds An Indian Experience written by Manju Punia Chopra and published by LAP Lambert Academic Publishing. This book was released on 2012-03-01 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study utilizes few selected performance evaluation techniques on a sample of 36 Indian mutual fund schemes, over the period of January 2001 to September 2009. The broad based S&P CNX NIFTY is used in the study as a benchmark. The results concluded that these 36 mutual fund managers were on average not able to predict security prices well enough to outperform a buy-the-market-and-hold policy. There was very little evidence of any individual fund being able to do significantly better than which was expected from random chance. On the other hand, no evidence of curvature of the characteristic lines, indicating superior timing skill, is found for any of the funds. In addition, the study offers little evidence of persistence in either the stock selection ability or the timing ability of the fund managers. Mutual fund attrition can create problems for a researcher because funds disappear due to presumably poor performance resulting into bias in research outcome. In this study we also revisit the mutual fund performance, including the disappeared mutual fund schemes during sample period. By tracking disappeared funds, the study does not find any evidence of survivorship bias.

Download or read book The Indian Mutual Fund Industry written by G. Sekhar and published by Springer. This book was released on 2014-08-29 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dr. Sekhar offers comprehensive knowledge on the mutual fund industry in India and provides ready-made practical information for investors. He presents an overview of investment patterns for both public and private sector mutual funds, and analyses the performance of selected schemes using various measures of risk.

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 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 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 Mutual Funds in India written by Rakesh Kumar and published by Partridge Publishing. This book was released on 2016-07-07 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: The services of the asset management companies are getting important for the investors, for assessing markets and investing funds are beyond the capacity of most individuals. Hence, the role of mutual fund firms in India has increased enormously in response to liberal policy regime in the recent decades. This book is an endeavour to study the various facets of the mutual fund industry to understand the complexities therein. The structure, organisation, and competition in the mutual fund industry in India have been discussed in depth. Performance of mutual fund schemes by using conditional and unconditional models has been evaluated, and investors may derive enough inkling towards their future investment plans. After going through this book, the reader is expected to develop confidence while dealing with the instruments of mutual funds.

Download or read book Mutual Funds written by P. Sireesha and published by . This book was released on 2015 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper an attempt is made to evaluate the performance of six growth-oriented equity schemes of Mutual Funds (HDFC, Morgan Stanley, Principal, LIC, Sundaram and SBI) on the basis of monthly returns compared to the benchmark returns (Sensex and Nifty). For this purpose, risk adjusted performance measures suggested by William Sharpe (1966), Jack Treynor (1965) and Michael Jensen (1968) are employed. It is found that, HDFC is the best among this sample followed by Sundaram and Principal respectively. All the select schemes have outperformed the benchmark indices. Though Principal is not a very well diversified portfolio as compared with other schemes, it shows least overall risk and also least beta risk for the portfolio. Despite being a very well diversified scheme, Morgan has very high levels of risk, which needs appropriate control measures. SBI needs to concentrate upon further diversification of its investments in order to improve its average returns as well as in reducing its risk levels (both systematic and unsystematic).

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.