Indian Journal of Finance
By: Associated Management Consultants (P) Ltd.Single Issue
Single Issue
- IJM-Jan12-Article4-SHORT TERM PERFORMANCE PERSISTENCE OF OPEN ENDED EQUITY FUNDS: INDIAN EVIDENCE
- Price : 80.00
- Published on March 27, 2013
- Associated Management Consultants (P) Ltd.
- Issues 356
- Language - English
- Published daily
About this issue
This study examines the short-term performance persistence of select Indian Equity (growth) mutual funds during the period 2008 and 2011. First, to assess the performance of sample funds, the author uses return variance analysis. Second, he uses Sharpe’s index to rank the funds. Finally, to test the short term performance, the researcher pursues the Brown & Goetzmann (1995) and Malkiel’s (1995) measures. Majority of the sample funds report results similar to the Proxy for the market. These funds move in tandem with the market. The study reports non existence of short term performance. The study concludes that mutual fund managers need to change their fund management style. Keywords: Mutual Fund, Performance Persistence, Mutual Fund Ranking
About Indian Journal of Finance
Indian Journal of Finance, a source of sophisticated analysis of developments in the rapidly expanding world of finance, is a monthly journal with topics ranging from corporate to personal finance, insurance to financial economics and derivatives.