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Asian Journal of Research in Social Sciences and Humanities
Year : 2012, Volume : 2, Issue : 9
First page : ( 267) Last page : ( 278)
Print ISSN : 0000-0000. Online ISSN : 2249-7315.

Performance of selected mutual funds (A comparative study on Public and Private Balanced and Sector Funds)

Dr. Prasad K.V. Siva1, Mr. Prasad Ch.S. Vara2

1Assistant Professor, Pydah College of ENG & TECH, Visakhapatnam, Andhra Pradesh

2Assistant Professor, Pydah College PG Courses, Visakhapatnam, Andhra Pradesh

Online published on 7 September, 2012.

Abstract

In the backdrop of liberalization and private participation in the Indian mutual fund industry, the challenge to survive and retain investor confidence has been a prime of concern for fund managers. For small investors who do not have the time or the expertise to take direct investment decision in equities successfully, the alternative is to invest in mutual funds. The performance of the mutual fund products become more complex in context of accommodating both return and risk measurements while giving due importance to investment objectives. The paper, entitled is Performance of Selected Mutual funds A comparative study on Public and Private Balanced and Sector Funds based on risk-return relationship models and measures. A total of 20 schemes offered by ten private sector mutual funds and ten public sector mutual funds have been studied over the time period January 1st 2002 to December 31st 2011 (10 years). The analysis has been made on the basis of mean return, beta risk, and coefficient of determination, Sharpe ratio, Treynor ratio, Jensen Alpha and Fema. The overall analysis Public and Private balanced finds Canara robeco Balanced Fund ranked number one being the best performers and LIC Nomura Unit Linked Insurance Scheme showing poor below-average performance private sector balancesd funds are showing high performance it is occupied the two to five ranks continually and the Public and Private Sectorial funds all private sectorial funds are ranked number one and being the best performers and the least performers are public sector sectorial funds showing poor below-average performance when measured against the risk-return relationship models.

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Keywords

Mutual Fund, Sharpe Ratio, Beta, Treynor Ratio, Risk, Investor, Alpha and Fema.

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