Market Risk and Investment performance of Equity Mutual Funds in India: Some Empirical Evidences.
In: Finance India, Jg. 24 (2010-06-01), Heft 2, S. 443-464
academicJournal
Zugriff:
Mutual fund industry in India has grown substantially in terms of assets under management, variety of investment schemes and number of investor. This paper examines the returns by 36 sample equity funds per unit of market risk. Market risks (beta measure) of sample equity funds have been analysed. Modest attempt has been made in this study to infer whether high beta funds have actually produced high returns over a period of this study or not. The paper further examines whether factors, i.e. open-ended or close-ended category, size of the fund and the ownership pattern significantly affect risk-adjusted investment performance of equity fund or not. BSE 100 national index had been taken as proxy for the market portfolio. The sample consists of equity mutual funds operating in India for at least 3 years as on 31st March 2002 and accounts for more than three-fourths of total assets under management of the diversified equity mutual funds. [ABSTRACT FROM AUTHOR]
Copyright of Finance India is the property of Indian Institute of Finance and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Titel: |
Market Risk and Investment performance of Equity Mutual Funds in India: Some Empirical Evidences.
|
---|---|
Autor/in / Beteiligte Person: | SONDHI, H. J. ; JAIN, P. K. |
Zeitschrift: | Finance India, Jg. 24 (2010-06-01), Heft 2, S. 443-464 |
Veröffentlichung: | 2010 |
Medientyp: | academicJournal |
ISSN: | 0970-3772 (print) |
Schlagwort: |
|
Sonstiges: |
|