COMPARATIVE STUDY ON PERFORMANCE EVALUATION  OF MUTUAL FUND SCHEMES OF INDIAN COMPANIES

Prof. Kalpesh P Prajapati; Prof. Mahesh K Patel

Authors

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.

Keywords:

Mutual fund, Risk-return, Sharp ratio, Treynor ratio, Jensen ratio, Fama

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 1^st January 2007 to 31^st December, 2011. The results of performance measures suggest that most of the mutual fund have given positive return during 2007 to 2011.

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http://www.amfiindia.com

http://www.bseindia.com

http://www.rbi.org.in

http://www.mutualfundsindia.com