scholarly journals MEASURING ATTITUDE TOWARDS MUTUAL FUND INVESTMENT DECISIONS: EVIDENCE FROM TRIPURA, INDIA

2021 ◽  
pp. 1-12
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Investment Decisions ◽  
Primary Data ◽  
Fund Managers ◽  
Study Methodology ◽  
Bank Employees ◽  
Fund Investment ◽  
Improve Attitude ◽  
The Impact

The purpose of this paper is to assess the attitude of bank employees in Tripura towards investment in the mutual fund and investigate the impact of attitude on volume of investment. The study methodology is based on the responses of a questionnaire received from 262 employees of banks in Tripura. On the basis of primary data, the attitude of the employees has been assessed and ordinal logistic regression is used to find out the impact of attitude on their volume of investment in mutual fund. It is found that overall attitude of bank employees in Tripura towards investment in mutual fund is favorable. It can also be concluded that attitude and volume of investment in mutual fund is positively related. The study is useful for the fund managers of mutual funds. Once the attitude to employees towards investment in mutual fund is ascertained, then suitable strategy regarding imparting training can be designed to improve attitude towards investment in mutual fund. The study is original in nature.

scholarly journals Portfolio Preferences Across Markets: Evidence from Mutual Fund Ownership

2012 ◽  
Author(s):  
Wen-Hsiu Chou
Keyword(s):  
Economic Development ◽  
Emerging Markets ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Investment Decisions ◽  
Firm Characteristics ◽  
Fund Managers ◽  
Portfolio Holdings ◽  
Fund Investment

This paper is about evaluating and comparing the portfolio preferences of domestic and foreign mutual funds in developed and emerging markets over the period 1998-2007. We find that foreign and domestic mutual funds have some different preferences toward firm characteristics and firm’s information enviroments, and economic development affects the preferences for both types of funds. A country’s characteristics and institutions also influence mutual fund investment decisions when fund managers from their portfolio holdings. Results further show that foreign and domestic mutual funds play a monitoring role in their portfolio firms, but foreign mutual funds cannot monitor firms effectively in emerging markets.  

scholarly journals The Impact of Macroeconomic Variables on Mutual Funds Performance in Ghana

2021 ◽  
pp. 34-53
Author(s):  
Cai Li ◽  
Rosemond Atampokah ◽  
Helena Akolpoka ◽  
Priscilla Avonie ◽  
Baku R. Kwame
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Fund Performance ◽  
Foreign Portfolio Investment ◽  
Macroeconomic Variables ◽  
Macroeconomic Conditions ◽  
Fund Managers ◽  
The World ◽  
World Champion ◽  
The Impact

Development across the globe has been an agenda many citizens of the world champion irrespective of the area, sector or discipline within which it is being advocated. Politically, socially, and in the world of economics, mutual fund has gained significance within country’s economic environment. The phenomenal growth in the financial market of mutual funds can be attributed to the increase in the various financial schemes available, improvement in fund mobilization, as well as the growth of investments in the country. We examined the impact of macroeconomic variables on mutual fund performance of all mutual fund companies in Ghana over the period of 2008 to 2016. We performed correlation analysis, hence examined the co-movement of the returns from the selected funds with the key macroeconomic variables. We find macroeconomics variables positively affect the returns of funds. The effect comes by the amount of money available for investments. We further find exchange rate as the strongest macroeconomic variable affects the performance of mutual funds in Ghana. We established that Ghana receives a significant amount of foreign portfolio investment (FPI), where investors in other countries bring in their money to make investment on our financial markets. Our results provide evidence for fund managers on approach in dealing with macroeconomic conditions and its volatilities.

scholarly journals THE EFFICIENCY EVALUATION OF MUTUAL FUND MANAGERS BASED ON DARA, CARA, IARA

2013 ◽  
Vol 14 (4) ◽  
pp. 677-695 ◽  
Author(s):  
Mohammad Reza Tavakoli Baghdadabad ◽  
Farid Habibi Tanha ◽  
Noreha Halid
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Data Envelopment ◽  
Unique Contribution ◽  
Management Styles ◽  
Mutual Fund Managers ◽  
Dea Model ◽  
Technical Management ◽  
Fund Managers ◽  
The Impact

We evaluate the efficiency of mutual fund managers of 20 different classes of management styles to identify the most efficient strategies and to propose an optimal pattern in selecting the funds by investors. We collect monthly data of 17,686 US mutual funds for a five-year period 2005–2010 to minimize the impact of survivorship bias and use Data Envelopment Analysis (DEA) model to evaluate the mutual fund performance. The set of considered inputs comprised “variance”, representing the mutual fund risk, and “turnover, expense ratio and loads indicators”, reflecting the mutual fund costs and fees. Two kinds of outputs are taken into account by our DEA model, “portfolio return” and “stochastic dominance indicators”. As a unique contribution, we state the benefits of the DEA approach in the DARA, CARA, and IARA framework, and evaluate the efficiency of mutual funds based on fund strategies as well as the performance of best mutual funds among their group. The evidence shows that the efficiency scores of technical, management, and scale are respectively 0.81, 0.921, and 0.874 for the DARA model, while the efficiency scores of two models of CARA and IARA are negligible. Also, we rank each management strategy in any model based on two methods – the number of referencing and the weighted value so that the managers of inefficient strategies must pattern the managers’ ability of reference (efficient) strategies to improve their efficiency on the fund market in future.

International Mutual Fund Performance and Political Risk

2005 ◽  
Vol 08 (01) ◽  
pp. 167-184 ◽  
Author(s):  
Barrie A. Bailey ◽  
Jean L. Heck ◽  
Kathryn A. Wilkens
Keyword(s):  
Mutual Funds ◽  
Event Study ◽  
Mutual Fund ◽  
Abnormal Returns ◽  
Political Risk ◽  
Equity Mutual Funds ◽  
International Equity ◽  
Study Methodology ◽  
The Impact ◽  
Event Study Methodology

Recent years have witnessed phenomenal growth in both the number and size of US based international equity mutual funds. While the benefits of international diversification are well documented in the literature, empirical research relating to the performance of international mutual funds has been limited and contradictory. The purpose of this study is to examine the impact of political risk on the risk-adjusted returns of international mutual funds using a modified event study methodology. More specifically, the dummy variable event study methodology using portfolios rather than individual funds is used. This methodology addresses the problems of multiple event days and calendar clustering. The macro political risk event of interest is the Iraqi invasion of Kuwait. Results of the study suggest that shareholders of international equity mutual funds earn significant abnormal returns in the face of political turmoil.

scholarly journals Perlindungan Hukum Bagi Investor Pemegang Unit Penyertaan Reksa Dana yang Memperjanjikan Fix Return

2021 ◽  
Vol 4 (4) ◽  
pp. 1285
Author(s):  
Agung Jaya Kusuma ◽  
Mas Rahmah
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Financial Services ◽  
Fixed Income ◽  
Criminal Sanction ◽  
Legal Research ◽  
Conceptual Approach ◽  
Fund Managers ◽  
Product Sales ◽  
Fund Investment

AbstractWith the increasing number of people who develop mutual fund investment products, competition between Investment Managers as mutual fund managers is increasing. As a result, several investment managers commit fraud in the marketing of mutual fund product sales, one of which is offering Fix-Return Mutual Fund products. To analysis the problem, this research will review the validity of the mutual fund marketing which is offering a Fix Return income according to the Indonesian regulations, and the Liability of Investment Managers who sale the fixed-income mutual funds by promising a Fix Return. The type of this research is normative legal research with the statutory and conceptual approach. The results show that although the marketing of mutual fund products with Fix Return is formally regulated in the provisions of article 37 letter (d), Financial Services Authority Regulation Number:39/POJK.04/2014. However, investment managers who sale fix return mutual fund products may be punished by civil, administrative and criminal sanction because of their faud and misconduct. Keywords: Protection; Mutual Fund Participation Units; Fix Return.AbstrakDengan semakin maraknya masyarakat yang berinvestasi pada produk investasi reksa dana, membuat persaingan antar Manajer Investasi sebagai pihak pengelola reksa dana semakin meningkat. Akibatnya terdapat beberapa manajer investasi yang melakukan kecurangan dalam pemasaran penjualan produk reksa dananya, salah satunya yaitu dengan menjanjikan suatu imbal hasil pasti pada produk reksa dananya, atau juga dikenal dengan istilah Fix Return. Untuk menganalisis masalah tersebut, penelitian ini akan mengkaji validitas pemasaran reksa dana yang menawarkan pendapatan Fix Return menurut peraturan perundang-undangan di Indonesia dan Tanggung gugat Manajer Investasi yang memasarkan reksa dana jenis reksa dana pendapatan tetap dengan memperjanjikan Fix Return. Tipe penelitian yang digunakan dalam penelitian ini adalah penelitian hukum normatif dengan pendekatan perundang-undangan dan pendekatan konseptual. Hasil dari penelitian ini menunjukkan bahwa meskipun pemasaran produk reksa dana dengan Fix Return diatur dalam ketentuan pasal 37 huruf (d), Peraturan Otoritas Jasa Keuangan Nomor:39/POJK.04/2014, namun apabila Manajer Investasi memasarkan produk reksa dana dengan Fix Return, Manajer investasi dapat dikenakan sanksi perdata, administratif dan pidana apabila terbukti memasarkan produknya dengan Fix Return. Kata Kunci: Perlindungan Hukum; Unit Penyertaan Reksa Dana; Fix Return.

The role of specialization in mutual fund investment strategies: An exploratory study of the life sciences industry.

2013 ◽  
Vol 19 (3) ◽  
Author(s):  
Osne Frans Kirzner ◽  
Lorraine Marie Uhlaner
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Exploratory Study ◽  
Life Sciences ◽  
Investment Strategies ◽  
Novel Technologies ◽  
Fund Managers ◽  
Telephone Interviews ◽  
Fund Investment ◽  
Life Sciences Industry

This paper explores possible differences in investment strategies between specialty and non-specialty funds in the life sciences industry. The results were based on proprietary information collected in telephone interviews from 28 mutual funds located in nine European countries. As predicted, specialty funds have shorter holding periods, are more event-driven, and are more likely to focus their investment strategies on established technologies. Counter to our predictions, specialty funds are no less likely to invest in novel technologies. Also counter to predictions, specialty funds place more importance on conventional finance methods in selecting firms, and they are no more likely to use non-conventional finance valuation or non-financial criteria when selecting companies for their portfolios. This exploratory study provides new insights into differences in investment strategies between specialty and non-specialty mutual funds, which may help to explain the underlying performance difference, found in previous research. Furthermore, this study may be helpful to alert life sciences entrepreneurs to the factors that these mutual fund managers are likely to consider when determining their investment strategies. Finally, it provides insights relevant to investors seeking to build better investment strategies for life sciences stocks.

scholarly journals INVESTORS AWARENESS AND PERCEPTION TOWARDS MUTUAL FUND INVESTMENT:AN EXPLORATORY STUDY

2021 ◽  
Vol 9 (06) ◽  
pp. 383-393
Author(s):  
Neelam Dhall ◽  
◽  
S.K. Khandelwal ◽  
Rashika Malik ◽  
Nitya Chawla ◽  
...  
Keyword(s):  
Financial Markets ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Significant Relationship ◽  
Primary Data ◽  
Risk Averse ◽  
Tax Shield ◽  
Research Findings ◽  
Rapid Pace ◽  
Fund Investment

Mutual Fund as an investment option gives a platform to risk averse investors who do not prefer to take high risk on their hard earned money. In India, Mutual Fund Industry is growing at a rapid pace and has emerged as a vital segment of the financial markets, specifically in channelizing and mobilizing the financial savings of hundreds of individuals in equity and debt instruments. Since investment in mutual funds is influenced by investors perception, the purpose of the present study is to examine investors awareness and perception towards mutual fund as a means of investment. The study is based on primary data collected though a questionnaire from 105 respondents residing in Delhi-NCR.Major reasons for investors preference for mutual fund investment were found to be tax benefit, security, liquidity, return and reliability. Research findings suggest that there is a significant relationship between gender and investors perception with respect to returns in mutual funds. Also, a significant relationship exists between age and investors perception with regard to higher tax shield provided by mutual funds.

scholarly journals A Study on Urban Working Women’s Attitude towards Mutual Fund Investment in Jaipur District, Rajasthan

2016 ◽  
Vol 3 (1) ◽  
Author(s):  
Ravisha Chutani ◽  
Harsh Purohit
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Working Women ◽  
Secondary Data ◽  
Sampling Technique ◽  
Primary Data ◽  
Investment Fund ◽  
Tax Benefits ◽  
The Impact ◽  
Urban Working

During the past few years, stock market and mutual funds is the most attracted option to make investment. In today’s complex financial scenario, mutual funds are an ideal investment vehicle for women investors’ to diversify their portfolio of investment. A Mutual fund is an investment fund that pools money from many investors to purchase equities, bonds and other securities. It provides benefits to the investors of good return, less risk, liquidity, tax benefits, etc. The primary data has been collected using structured questionnaire and Secondary data has been collected from journals, books, reports, magazines and other published data’s. The main purpose of doing this research is to know about the Preference of urban working women towards various mutual fund schemes of Jaipur district, Rajasthan (India).Using Random sampling technique, sample size of 100 working women is taken having different demographic profiles. This study analyzes the impact of demographic factors on the women’s attitude towards investment in mutual funds.

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