PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA: A CASE STUDY
In present study performance evaluation of selected mutual funds is carried out through risk-return analysis, Treynor’s ratio, Sharpe’s ratio, Jensen’s measure and Fama’s measure. The data used in the study is daily closing NAVs for the period from 1st January 2010 to 31st December 2013. The schemes...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Ramanujan College, University of Delhi, Delhi, India
2016-07-01
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| Series: | Ramanujan International Journal of Business and Research |
| Subjects: | |
| Online Access: | https://rijbr.in/1/article/view/149/184 |
| _version_ | 1797665257414459392 |
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| author | Dr. K. Latha Ms. Renu Ghosh |
| author_facet | Dr. K. Latha Ms. Renu Ghosh |
| author_sort | Dr. K. Latha |
| collection | DOAJ |
| description | In present study performance evaluation of selected mutual funds is carried out through risk-return analysis, Treynor’s ratio, Sharpe’s ratio, Jensen’s measure and Fama’s measure. The data used in the study is daily closing NAVs for the period from 1st January 2010 to 31st December 2013. The schemes selected for study consist of three public-sponsored, three private-sponsored and three private (foreign)-sponsored mutual fund schemes. The results of performance evaluation measures suggest that out of nine, three schemes namely Franklin India Tax shield-Growth. HSBC Tax Saver Equity Fund – Growth and ING Tax Savings Fund Growth schemes, performs better in comparison to benchmark index according to all the measures applied in the study and among these Franklin India Tax shield-Growth fund is the best performer. Overall it can be concluded that the private foreign companies sponsored mutual fund scheme performance is better than public and private companies–sponsored mutual fund schemes. |
| first_indexed | 2024-03-11T19:41:20Z |
| format | Article |
| id | doaj.art-4ba84da3eeee482998228f947f970504 |
| institution | Directory Open Access Journal |
| issn | 2455-5959 2583-0171 |
| language | English |
| last_indexed | 2024-03-11T19:41:20Z |
| publishDate | 2016-07-01 |
| publisher | Ramanujan College, University of Delhi, Delhi, India |
| record_format | Article |
| series | Ramanujan International Journal of Business and Research |
| spelling | doaj.art-4ba84da3eeee482998228f947f9705042023-10-06T08:28:52ZengRamanujan College, University of Delhi, Delhi, IndiaRamanujan International Journal of Business and Research2455-59592583-01712016-07-01115363https://doi.org/10.51245/rijbr.v1i1.2016.149PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA: A CASE STUDYDr. K. Latha0Ms. Renu Ghosh1Ramanujan College, University of DelhiRajdhani College, University of DelhiIn present study performance evaluation of selected mutual funds is carried out through risk-return analysis, Treynor’s ratio, Sharpe’s ratio, Jensen’s measure and Fama’s measure. The data used in the study is daily closing NAVs for the period from 1st January 2010 to 31st December 2013. The schemes selected for study consist of three public-sponsored, three private-sponsored and three private (foreign)-sponsored mutual fund schemes. The results of performance evaluation measures suggest that out of nine, three schemes namely Franklin India Tax shield-Growth. HSBC Tax Saver Equity Fund – Growth and ING Tax Savings Fund Growth schemes, performs better in comparison to benchmark index according to all the measures applied in the study and among these Franklin India Tax shield-Growth fund is the best performer. Overall it can be concluded that the private foreign companies sponsored mutual fund scheme performance is better than public and private companies–sponsored mutual fund schemes.https://rijbr.in/1/article/view/149/184mutual fundmarket returnss&p cnx nifty 500 |
| spellingShingle | Dr. K. Latha Ms. Renu Ghosh PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA: A CASE STUDY Ramanujan International Journal of Business and Research mutual fund market returns s&p cnx nifty 500 |
| title | PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA: A CASE STUDY |
| title_full | PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA: A CASE STUDY |
| title_fullStr | PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA: A CASE STUDY |
| title_full_unstemmed | PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA: A CASE STUDY |
| title_short | PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA: A CASE STUDY |
| title_sort | performance evaluation of mutual funds in india a case study |
| topic | mutual fund market returns s&p cnx nifty 500 |
| url | https://rijbr.in/1/article/view/149/184 |
| work_keys_str_mv | AT drklatha performanceevaluationofmutualfundsinindiaacasestudy AT msrenughosh performanceevaluationofmutualfundsinindiaacasestudy |