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Sumedha Journal of Management
Year : 2016, Volume : 5, Issue : 1
First page : ( 38) Last page : ( 49)
Print ISSN : 2277-6753. Online ISSN : 2322-0449.

Performance Evaluation of Equity Schemes of HDFC Mutual Fund

Dr. Kumar Vikas*, Srivastava Ankit**

* Assistant Professor, Faculty of Commerce, Govt. P. G. College, Obra, Sonbhadra, U.P. E-mail id: drvikasone@gmail.com

** Research Scholar, Faculty of Commerce, G.S. College of Commerce and Economics, Jabalpur, M.P. E-mail id: mrankitsrivastava@rediffmail.com

Online published on 13 May, 2016.

Abstract

In this paper we tried to evaluate the performance of HDFC open-ended equity schemes with growth option. The period of the study spans from 1st April 2006 till 31st March 2015. To evaluate the performance of the selected mutual fund schemes, monthly returns are compared with Benchmark (BSE SENSEX) returns. Further, statistical tools like average, standard deviation, beta, coefficient of determination and the risk adjusted performance measures suggested by Sharpe (1966), Treynor (1965) and Jenson (1968) were employed to evaluate the performance for the selected period.

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Keywords

Sensex, Beta, Equity schemes, Sharpe, Treynor, Jenson, Open ended schemes.

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