Volume : III, Issue : XII, December - 2014

Comparison of performance of Selected Indian Mutual Fund Schemes with its benchmark returns (special reference to Pharmaceutical, Banking & I.T. sector)-An empirical Study

Krunal K Bhuvaa, Dr. Vijay H Vyas

Abstract :

This study has been carried out to evaluate the performance of selected 11 mutual fund schemes during the study period of June 2007 to May 2012. An attempt has been made to evaluate the fund’s diversified. Negative correlation between level of diversification, measured by R2 and unique risk proved that, fund managers remained successful in reducing unique risk through better diversification. The study performance, level of diversification and manager’s ability to pick the undervalued stocks. Risk adjusted performance in terms of Sharpe and Treynor ratio showed that 60% of the fund schemes bear positive values. The findings also revealed that majority of the schemes were adequately also revealed that about 80% of the schemes were able to beat the market with help of better stock selection skill of fund managers. Overall, Reliance Pharma Fund (G), Reliance Banking Fund (G), SBI One India Fund (Growth) are among the best performing funds.

Keywords :

Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

COMPARISON OF PERFORMANCE OF SELECTED INDIAN MUTUAL FUND SCHEMES WITH ITS BENCHMARK RETURNS (SPECIAL REFERENCE TO PHARMACEUTICAL, BANKING & I.T. SECTOR)-AN EMPIRICAL STUDY, Krunal K Bhuvaa, Dr. Vijay H Vyas GLOBAL JOURNAL FOR RESEARCH ANALYSIS : Volume-3 | Issue-12 | December-2014


Number of Downloads : 293


References :