International Journal of Accounting Research

International Journal of Accounting Research
Open Access

ISSN: 2472-114X

+44 1285300058

Dhanraj Sharma

  • Research Article
    Performance Evaluation of Indian Equity Mutual Funds against EstablishedBenchmarks Index
    Author(s): Syed Husain Ashraf and Dhanraj SharmaSyed Husain Ashraf and Dhanraj Sharma

    In this paper, an attempt has been made to analyses the performance of equity mutual funds industry against risk free rate and benchmarks return over the five years. The samples consists 10 growths oriented- open ended- equity mutual fund schemes belong to 5 public and 2 private mutual fund companies. Results are tested through risk-return analysis, Coefficient of Variation, Treynor’s ratio, Sharp’s ratio, Jensen’s measure, Fama’s measure and Regression analysis. The data used is monthly closing NAVs and benchmark market index closing for the study period of April 2007 to March 2012. The risk return analysisrevealed that out of 10 schemes 3 have underperform the market, 7 are found to havelower total risk than the market and all the schemes have given returns higher than risk free rates. The Treynor ratio of all the mutual funds scheme are over perform the benc.. Read More»
    DOI: 10.4172/2472-114X.1000113

    Abstract PDF

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