Journal of Commerce and Accounting Research
By: Publishing India GroupSingle Issue
Single Issue
- Can Mutual Fund Predict the Future? An Empirical Study
- Price : 100.00
- Published on April 26, 2013
- Publishing India Group
- Language - English
About this issue
The present study seeks to examine the NAV performance of the selected open-ended mutual fund schemes in India. The study also investigates whether the past return performance of the mutual funds may be used as a reliable indicator to predict the future return. To accomplish these objectives, closing monthly NAV data on 56 open-ended income schemes are considered over a period from January 2001 to December 2009. Then, we compute the average NAV and found a good consistency in performance. With a view to examine the consistency in return performance of the selected mutual fund schemes, auto-regressive model is applied and observed that only 34 schemes out of 56 openended income schemes have consistently influenced the return performance.
About Journal of Commerce and Accounting Research
Journal of Commerce & Accounting Research (IJCAR) tends to create a platform for communication between academicians, policy makers, practitioners, researchers and persons concerned with the role of business with special focus to accounting research. Journal aims to promote a greater understanding, from an international perspective, of recent accounting practices and research. IJCAR focuses on the international dimension of various segments of commerce and practices consistent with the need to transcend the cultural and national boundaries in a globalised economy.