scholarly journals Performance of Mutual Funds: A Comparative Study of Prominent Multi Capital and Large Capital Funds

2020 ◽  
Vol 2 (4) ◽  
pp. 27-44
Author(s):  
Abdelkader Derbali ◽  
Ahmed K Elnagar ◽  
Lamia Jamel ◽  
Monia Ben Ltaifa
Keyword(s):  
Comparative Study ◽  
Mutual Funds ◽  
Analysis Of Variance ◽  
Mutual Fund ◽  
Jel Codes ◽  
Good Investment ◽  
Significant Difference ◽  
Econometric Methodology ◽  
Investment Option ◽  
Do So

The purpose of this paper is to compare the performance of prominent multi capital and large capital funds. We examine the performance of 10 prominent funds under both the selected categories has been analyzed during the period of study from 2013 to 2018. Their performance has also been compared against two most diversified benchmark indices of India such as BSE 200 and Nifty 500. We have also attempted to find out whether there is any considerable difference in the performance of the two categories of funds or not. To do so, we employ One-way Analysis of Variance (ANOVA) for the comparison of mutual funds as an econometric methodology for a period of study from 2013 to 2018 for a sample of 20 Indian mutual funds. From the empirical findings, we find that the mutual fund schemes under both the categories such as Multi Capital Funds and Large Cap Funds have generated good returns over the period and that too with a reasonable risk. Therefore, it is very safe to conclude that they are good investment option for an investor. In terms of performance of these mutual funds, the average monthly returns generated by the funds in each category are numerically different, but this difference has not been found statistically significant. At the same time, there is no significant difference between these funds and NIFTY 500 as well as these funds and BSE 200 in terms of their returns. JEL Codes: G32, G20, O16.

scholarly journals Mutual fund investors perception in India-a study

2017 ◽  
Vol 7 (1.1) ◽  
pp. 60
Author(s):  
R. Udhayasankar ◽  
K. Maran
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Financial Risk ◽  
Fund Raising ◽  
Factors Affecting ◽  
Derivative Instruments ◽  
Different Types ◽  
Small Investors ◽  
Investment Option ◽  
Short Span

Mutual fund is four decades old in India.  It was started by UTI during the year 1964 with few schemes for small investors. During this short span of time it has made tremendous growth in Indian small investors. But now a day’s its volume of investors and sources of investment also growing tremendous level. Moreover mutual fund scheme have added new dimension to overcome financial risk of small investors and also in fund raising capacity of corporate sectors. Mutual fund investors can diversify even more by purchasing different kind of stocks which will helps to spreading out investors’ money across different types of derivative instruments and hence it reduces the risk tremendously up to certain extent and it is automatically diversify in a predetermined category of investments. This serves bridge work between small investors and corporate sectors likewise considering those points in this paper is an attempt to know the investors’ perceptions towards selected mutual funds. This paper makes an attempt to identify various factors affecting perception of investors regarding investment in mutual funds. The findings will helpful to identify the investors’ interest base and factors clearly and it reveals that the investors consider mutual funds as flexible investment option and it creates interest of investment among small investors.

A Comparative Study on Microgap of Premade Abutments and Abutments Cast in Base Metal Alloys

2014 ◽  
Vol 40 (3) ◽  
pp. 239-249 ◽  
Author(s):  
Jaini Jaini Lalithamma ◽  
Sreekanth Anantha Mallan ◽  
Pazhani Appan Murukan ◽  
Rita Zarina
Keyword(s):  
Stainless Steel ◽  
Comparative Study ◽  
Base Metal ◽  
Analysis Of Variance ◽  
Metal Alloys ◽  
Cobalt Chromium ◽  
Control Groups ◽  
Nickel Chromium ◽  
Significant Difference ◽  
Range Test

The study compared the marginal accuracy of premade and cast abutments. Premade titanium, stainless steel, and gold abutments formed the control groups. Plastic abutments were cast in nickel-chromium, cobalt-chromium and grade IV titanium. The abutment/implant interface was analyzed. Analysis of variance and Duncan's multiple range test revealed no significant difference in mean marginal microgap between premade gold and titanium abutments and between premade stainless steel and cast titanium abutments. Statistically significant differences (P < .001) were found among all other groups.

scholarly journals PERSISTENSI KINERJA REKSA DANA SAHAM DI BURSA EFEK INDONESIA

2016 ◽  
Vol 3 (1) ◽  
pp. 13
Author(s):  
Dimas Rahmat Wijaya ◽  
Dedi Rusdi
Keyword(s):  
Mutual Funds ◽  
Capital Markets ◽  
Mutual Fund ◽  
Stock Exchange ◽  
Research Use ◽  
Global Crisis ◽  
Crisis Period ◽  
The Public ◽  
Investment Option

Investors are required to be more prudent in determining the investment option since many choices For investing in a mutual funds are popped . So some research is needed to review the performance of mutual funds that active in Stock exchange to be a reference in predicting the performance of mutual funds next year. This research use data from the beginning of the period 2007 until the end of 2012 or from the beginning of the global crisis period and during the crisis period is underway , it is expected to provide accurate results as a benchmark to invest in mutual funds . Because nowaday, the development of the capital markets is used by firms to raise funds from the public . The results of this study showed the presence of persistence in the performance of quarterly, semi annually, annually and biennial mutual fund shares at the Indonesia Stock Exchange . While the monthly and triennial performance of mutual fund shares in Indonesia Stock Exchange did not persistence.

scholarly journals Exchange-traded funds as an alternative investment option

2019 ◽  
pp. 7-37
Author(s):  
António Afonso ◽  
Pedro Cardoso
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Exchange Traded Funds ◽  
Price Efficiency ◽  
Index Funds ◽  
Equity Mutual Funds ◽  
Asset Value ◽  
Net Asset Value ◽  
Tracking Ability ◽  
Investment Option

We conduct an analysis of Exchange-traded Funds (ETFs), Index and Equity mutual funds and their respective benchmark during the 2010-2015 period for the Portuguese fund industry. For the period 2010-2017, we test ETFs for price inefficiency (existence of deviations between prices and the Net Asset Value) and persistence. We find that the studied ETF does not always outperform index funds in replicating the variations of the PSI 20 index, despite exhibiting better tracking ability when facing downside deviations of the benchmark and a better capacity of smoothing tracking deviations. Regarding ETFs price efficiency and its persistence, the study reveals that the examined ETF is priced at a low average discount with evidence of deviations persistence of at least two days. The investment schemes with the highest ability to track the PSI 20 Index were PSI20 (ETF), BBVA PPA Índice PSI20, and the equity mutual fund BPI Portugal.

scholarly journals A Comparative Study on Performance of Open and Close-ended Mutual Funds in Pakistan

2015 ◽  
Vol 1 (1) ◽  
pp. 300
Author(s):  
Waqas Ahmad ◽  
Muhammad Sohaib Roomi ◽  
Muhammad Ramzan ◽  
Muhammad Zia-ur-Rehman ◽  
Sajjad Ahmad Baig
Keyword(s):  
Financial Crisis ◽  
Comparative Study ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Portfolio Performance ◽  
Sample Period ◽  
Market Portfolio ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
Better Than

This paper is based on the comparison of Pakistani open-ended and close-ended mutual funds performance. That study focus on income, balance and equity schemes of open-ended and close-ended mutual funds. The performance of these funds evaluates using Sortino measure, Shrape measure, Treynor measure, Jenssen differtial measure and Inforamtion measure. The sample for the study consists of 73 funds from 2007 to 2012. Results show open-ended mutual funds performance is better than close-ended mutual funds. KSE (market portfolio) performance is grater over the all sample base mutual funds. Most risk adjusted funds returns are negative, which probably due to mutual fund industry set back by financial crisis during sample period.  

A Study on Factors for Investor Dissatisfaction towards Mutual Funds in Bhopal City

2016 ◽  
Vol 5 (1) ◽  
Author(s):  
Ms. Pooja Gupta
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Investment Option ◽  
Fund Industry ◽  
Mutual Fund Industry ◽  
The Impact

Mutual fund as an investment option still needs to be accepted by the investors as an instrument in their basket of investment. Presence of the mutual fund industry has been more than 5 decades old and yet efforts are made, to strive hard, for its existence and survival in the market. Despite that more than 1300 schemes are marketed to meet the investor objectives by 44 AMC’s in India, yet the industry is unable to gain the trust and satisfaction of investors. This paper attempts to evaluate the factors that contribute to investor dissatisfaction in Bhopal city and also the impact of dissatisfaction on the tenure of investment in mutual funds.

An Analysis of the Methodology Adopted by Hotel Industry for Measuring Employee Productivity and the Challenges Faced Therein with Special Reference to Pune, Hyderabad and Bangalore Cities

2015 ◽  
Vol 1 (1) ◽  
Author(s):  
Milind A. Peshave ◽  
Rajashree Gujarathi
Keyword(s):  
Comparative Study ◽  
Service Industry ◽  
Hotel Industry ◽  
Employee Productivity ◽  
Positive Feedbacks ◽  
Hotel Employees ◽  
Significant Difference ◽  
Productivity Management ◽  
The Comparative Study ◽  
Do So

Productivity management is a big challenge to organizations especially when the product is in the form of a service. The characteristics of service industry make productivity management in such industries more difficult and challenging. Hotel industry being a part of such a service industry faces a similar problem. This study is aimed at analyzing the challenges faced by hotels in measuring employee productivity and to suggest the most suitable method of measuring employee productivity in hotel industry. In an effort to do so, a survey in the form of a questionnaire and interviews was conducted from the sample comprising of 365 hotel employees from the management and the associates categories to understand their views on the entire process. The findings of his research state that Intangible Product is the biggest challenge in measuring employee productivity in hotels and Number of guest praises / positive feedbacks received per department / person and Percentage of repeat guests generated are the most suitable methods to measure employee productivity in hotels. However, a significant difference has been observed in the comparative study of hotel industry of Pune, Hyderabad & Bangalore cities.

scholarly journals Conventional Versus Sharia Money Market Mutual Funds: Which Performs Better During the Covid-19 Pandemic?

2021 ◽  
Vol 2 (3) ◽  
pp. 35-40
Author(s):  
Dina Yeni Martia ◽  
Muhammad Rois ◽  
Muliasari ◽  
Latifah Risqiana ◽  
Noverdi Radja Dwilega
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Secondary Data ◽  
Money Market ◽  
Sharpe Ratio ◽  
Comparison Approach ◽  
Significant Difference ◽  
Asset Value ◽  
Money Market Mutual Funds ◽  
Better Than

This study aims to determine whether conventional money market mutual funds perform better than sharia money market mutual funds or vice versa during the COVID-19 pandemic in Indonesia. This research method is descriptive with a quantitative comparison approach. This study employed secondary data obtained from IDX, Indonesian Bank, and Pasar Dana website.  The research employed the money market mutual funds data, Net Asset Value, BI 7 Days Repo rate during year 2020. Sharpe ratio utilized in this research to determine the money market mutual funds performance. Then, the result compared by using Independent sample T-test on SPSS. The result uncovers that in general the performance of conventional money market mutual funds performance superior the sharia money market mutual funds performance during covid-19 in Indonesia. However, both mutual funds average Sharpe ratio show the negative number during 2020. Moreover, there are no significant difference between conventional and sharia money market mutual funds returns during the period 2020. The high different return on the maximum return due to some conventional mutual fund perform exceptional during 2020.

scholarly journals PERBANDINGAN KINERJA REKSADANA SYARIAH DAN REKSADANA NON-SYARIAH DI INDONESIA BERDASARKAN RETURN, RESIKO, DAN KOEFISIEN VARIASI

2019 ◽  
Vol 5 (2) ◽  
pp. 122
Author(s):  
Shafira Sa’adah Syauqiyah ◽  
Muhammad Nafik H. R
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Coefficient Of Variation ◽  
Performance Comparison ◽  
T Test ◽  
Quantitative Approach ◽  
Fixed Income ◽  
Test Analysis ◽  
Significant Difference ◽  
Equity Mutual Fund

This research aims to find out the performance comparison between sharia mutual funds and non-sharia mutual funds in Indonesia during 2013-2015 by using return, risk, and coefficient of variation in the three types of mutual funds; equity mutual fund, mixed mutual fund, and fixed income mutual fund. The approach used is quantitative approach by using independent samples t-test or mann whitney in the test analysis with 5% significant level. The result of this study indicate that there is no significant difference between return, risk, and coefficient of variation of sharia mutual funds and non-sharia mutual funds in Indonesia in three types of mutual funds.

Comparison Of Sharia Performance And Conventional Mutual Funds In Forming Optimal Portfolio

2021 ◽  
Vol 4 (3) ◽  
pp. 655-672
Author(s):  
Surono Surono ◽  
Rika Juwita ◽  
Ruslan Abdul Ghofur ◽  
Erike Anggraini
Keyword(s):  
Comparative Study ◽  
Hypothesis Testing ◽  
Mutual Funds ◽  
Capital Market ◽  
Optimal Portfolio ◽  
Purposive Sampling ◽  
Significant Difference ◽  
The Difference ◽  
Descriptive Method ◽  
Method Show

This research aims to analyze the differences in the performance of Islamic stock mutual funds and conventional stock mutual funds in forming an optimal portfolio using the Sharpe and Treynor models. Purposive sampling was used in determining the data sample which was then analyzed using the descriptive method with a comparative study during the period January 2018 to December 2019. Hypothesis testing used a different test to determine the difference between the two using the SPSS Application Tool. The results showed that the calculation of the performance of stock mutual funds using the Sharpe method, both Islamic and conventional stock mutual funds, there was no significant difference. Likewise, the results of the calculation of the performance of stock mutual funds using the Treynor method show that there is no difference between the performance of Islamic stock mutual funds and conventional stock mutual funds. This is one proof of the development of the Islamic economy in Indonesia, especially in the capital market, so that Islamic mutual funds can compete with conventional mutual funds.

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