Performance Evaluation of Indian Equity Mutual Fund schemes
B R, Mr. Manjunath
Raju, Dr. J K
G M, Mr. Nagaraja
- Publisher: Journal Of Business Management & Social Sciences Research
Journal Of Business Management & Social Sciences Research
(issn: 2319-5614, eissn: 2319-5614)
Financial Management | Sharpe measure, Treynor measure, mutual funds, Jensen measure, risk-return
Investment in stock markets are mostly influenced by the keen analysis and reasoning which help in predicting the market at least to some extent. Over the past years, a number of technical and theories for analysis has evolved; these combined with modern technology guides, which serve the purpose of an investor. The giant players in the market, like Foreign Institutional Investors, Mutual Funds, etc. have the expertise skill and access for various analytical tools and make use of them. Most of the small investors are not in position to benefit out from market the way Mutual Funds do. Generally small investors investments are based on the market sentiments, inside information, through grapevine, tips and institution. The small investors heavily depend upon brokers and broking house for their investments. They can invest through the Mutual Fund who is more experienced and expert in this field than a small investor himself.
In recent years a large number of players have entered into this market. The paper has been carried out to study an overview of Mutual Fund Industry and to understand investors perception about Mutual Funds in the context of their trading performance, explore investors risk perception and find out their preference over top Mutual Funds.
This study is to understand how to evaluate of mutual funds. The objective is to evaluate the investment performance of Indian equity mutual fund with risk adjustment by using the theoretical parameters as suggested by William, Sharpes, Treynor, and Jensen model.