An Evaluation on Risk and Return of Mutual Funds in India
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Date
2012
Authors
Journal Title
Journal ISSN
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Publisher
University of Kelaniya
Abstract
The Indian capital market has witnessed unprecedented developments and
innovations particularly during the decades of 1980s and 1990s. The review
studies have analyzed different types of mutual funds by using various measures.
Hence, the present study analyzed the risk and return of mutual funds performance
of top performing funds for the last three years (2008- 2010). The study concluded
that beta values of top six schemes were significantly related to their market
index values. The sample of schemes namely Reliance Banking Fund-Growth Plan-
Growth Option and UTI Transportation and Logistics Fund - Growth are significantly
related to their market value in 2010 only. All sample schemes except Reliance
Banking Fund-Growth Plan-Growth Option earned negative returns in the year
2008. Results of the study indicate that the all sample schemes earned positive
return in the year 2010.
Description
Keywords
Indian Mutual Funds, Net Asset Value, Risk and Return, Systematic Risk, Standard Deviation
Citation
Bhuvaneswari, P. and Fernando, W.R.P.K. (2012). An Evaluation on Risk and Return of Mutual Funds in India, Kelaniya Journal of Management, University of Kelaniya, 01(02): 68-80.