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Tài liệu COMPARATIVE STUDY ON PERFORMANCE EVALUATION OF MUTUAL FUND SCHEMES OF INDIAN COMPANIES doc
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-Journal of Arts, Science & Commerce ■ E-ISSN 2229-4686 ■ ISSN 2231-4172
International Refereed Research Journal ■ www.researchersworld.com ■ Vol–III, Issue3(3), July 2012 [47]
COMPARATIVE STUDY ON PERFORMANCE EVALUATION
OF MUTUAL FUND SCHEMES OF INDIAN COMPANIES
Prof. Kalpesh P Prajapati,
Assistant Professor,
S.V Institute of Management,
Gujarat Technological University,
Ahmedabd, Gujarat, India.
Prof. Mahesh K Patel,
Assistant Professor,
N.P College of Computer Studies & Management
Hemchandracharya North Gujarat University,
Patan, Gujarat, India.
ABSTRACT
In this paper the performance evaluation of Indian mutual funds is carried out through relative
performance index, risk-return analysis, Treynor's ratio, Sharp's ratio, Sharp's measure, Jensen's
measure, and Fama's measure. The data used is daily closing NAVs. The source of data is website
of Association of Mutual Funds in India (AMFI). The study period is 1st January 2007 to 31st
December, 2011. The results of performance measures suggest that most of the mutual fund have
given positive return during 2007 to 2011.
Keywords: Mutual fund, Risk-return, Sharp ratio, Treynor ratio, Jensen ratio, Fama