Performance of the Indian Mutual Funds: A Study with Special Reference to Growth Schemes

Abstract

The financial sector reforms, role of regulatory authorities and increase in savings attracted investors towards mutual funds. Stock market developments created popularity for equity oriented schemes. In the face of availability of multitudinous schemes, growth schemes introduced in the year 1993 has been studied. Sharpe, Treynor, Jensen and Fama's measures reveals that all the seven schemes showed negative risk premium, scheme s performance was in line with that of market performance, existence of a high degree of positive correlation in weekly time lag while the impact gets reduced as the time lag increases.

An Evaluation of Factors Considered while Selecting Mutual Funds: A Case of Brokers in Punjab

“…Table 4 clearly reveals that "Experienced fund management" team has the highest mean (4.68) followed by "Quality of service" (4.51) and "Suitability of product" (4.42) as the most important attribute responsible for success of mutual fund. Analogous to this was findings of (Lakshmi, 2012;Mehta, 2011;Goel, 2012) Hence it can be said that the respondent brokers consider that in order to make a mutual fund success the most important factor is experienced fund management team and quality of service and the least important factors are "Brand value of AMC" (3.96) and "Number of service centers" (3.7800) (Gozbasi and Citak, 2010). The gamma correlations between attributes made it clear that suitability of product and experienced fund management team are highly correlated and hence can be said that these are two major attributes affecting success of mutual funds.…”

A Study on Farmers Investment Habit in Antharam Ranga Reddy District

“… The study finds that there is no significance difference between age and avenues of maximum investment.  The study finds that there is no significance difference between educational qualification and annual investment [6].  The study finds that there is significance difference between annual income and annual investment.…”

Performance Evaluation of Banks Sponsored Mutual Funds: An Analytical Study

“…Ananda and Murugaiah (2006) evaluated 113 Indian mutual funds schemes having exposure of 90 percent of corpus to equity stocks of 25 funds. Lakshmi, Deo, and Murugesan (2008) examine that the performance of selected growth schemes which reveals all seven schemes showed the negative risk premium. Arugaslan, Edwards, and Samant (2008) evaluated 50 large US-based international equity funds using risk-adjusted returns found results indicate that funds with the highest average returns may lose their investors attraction once the degree of risk fixed into the funds is forced into the analysis.…”