Risk and Return Analysis of Mutual Fund Industry in India

Résumé du livre

The mutual funds is one of the important classes of financial intermediaries which enables millions of small and large savers spread across the country as well as internationally to participate in and derive the benefits of the capital market growth. Thus the involvement of mutual funds in the transformation of Indian economy has made it urgent to view their services not only as financial intermediary but also as pace settlers as they are playing role in mobilizing and efficient allocation of investable funds through markets. The fact is that mutual funds have a lot of potential to grow but to capitalize the potential fully, it would need to create and market innovative products and frame distinct marketing strategies. Moreover, the equity culture has not yet developed fully in the country as such, investor education would be equally important for greater penetration of mutual funds. As such mutual funds are expected to perform better than the market, therefore calls for a continuous evaluation of the performance of funds. From an academic perspective, the goal of identifying superior fund managers is interesting because it challenges the efficient market hypothesis. The present study looks into the risk and return analysis of the select mutual funds of India.