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Mutual Fund: Analysis of the Performance in Long Term
Subject area: Management and Commerce · Area of research: Finance
Abstract
LPG had ushered in a new era in the evolution of the Indian mutual fund sector. Since then the industry continued to grow by leaps and bounds to reach a big and expectable position. Furthermore, with the increasing emphasis in domestic savings and investment through markets, need and scope for mutual fund investment has gained a dramatic pace. Mutual fund is a collective investment vehicle that pools the money from the investors. Those are purchasing unit from mutual fund. Considering this large investment interest, performance evaluation of the mutual fund schemes always remains in vogue and merits for a continuous assessment. In practice, active fund managers always strive to outperform the market and diversify the risk by resorting to scores of strategies like strategic asset allocation, selection of securities (micro-forecasting), market timing (macro-forecasting), etc. The present paper examines analysis the performance of mutual fund in long term basis. This performance can be measured by two ways one is selected schemes performance and the other ways is managerial performance. We concluded that our selected schemes were performed well as compare with their benchmark in long run but managerial performance was not acceptable.
Keywords
Mutual Fund, Stock Selection, Market Timing, Diversification
References
[1] Ali, Naseen and Rehman (2010) “Performance Evaluation of Mutual Funds” Journal of Business.
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[4] Jensen, M (1968).” The performance of mutual funds in the period of 1948-64” Journal of finance, vol 23, no.2 pp 389-416.
[5] Joydev, M (1996) “Mutual Fund Performance an Analysis of Monthly Return “Finance India
[6] Poornima and Sudhamathi (2013) “Performance Analysis of Growth Oriented Equity Diversified Mutual Fund Schemes using Sorting Ratio” Journal of Business Economic.
[7] Rao, N.S. (2000) ‘Performance Evaluation of Indian Mutual Funds’, Working Paper, Available at Web Site.
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[9] Swaroop and Debasish (2010), “Investigating and Issues Performance of Equity –Based Mutual Fund Schemes in Indian Scenario’, Journal of Business Economic.
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How to cite this paper
@article{1703726,
author = {Debasish Biswas},
title = {Mutual Fund: Analysis of the Performance in Long Term},
journal = {Iconic Research And Engineering Journals},
year = {2022},
volume = {6},
number = {2},
pages = {1-9},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1703726.pdf},
abstract = {LPG had ushered in a new era in the evolution of the Indian mutual fund sector. Since then the industry continued to grow by leaps and bounds to reach a big and expectable position. Furthermore, with the increasing emphasis in domestic savings and investment through markets, need and scope for mutual fund investment has gained a dramatic pace. Mutual fund is a collective investment vehicle that pools the money from the investors. Those are purchasing unit from mutual fund. Considering this large investment interest, performance evaluation of the mutual fund schemes always remains in vogue and merits for a continuous assessment. In practice, active fund managers always strive to outperform the market and diversify the risk by resorting to scores of strategies like strategic asset allocation, selection of securities (micro-forecasting), market timing (macro-forecasting), etc. The present paper examines analysis the performance of mutual fund in long term basis. This performance can be measured by two ways one is selected schemes performance and the other ways is managerial performance. We concluded that our selected schemes were performed well as compare with their benchmark in long run but managerial performance was not acceptable.},
keywords = {Mutual Fund, Stock Selection, Market Timing, Diversification},
month = {August},
}