Risk and Return Analysis of Equity Mutual Funds in India
Sanika Angal
, Dr. Shraddha Kokane
Mutual Funds, Risk, Return, Sharpe’s Ratio, Treynor’s Ratio, Jensen’s Alpha Ratio, Sortino’s Ratio
Mutual funds are one of the simplest ways to raise money in the capital markets from the general public. Risk and return are the two most important characteristics of mutual funds. A mutual fund is a company that pools money from several investors and invests it in stocks, bonds, and other assets. The fund's overall holdings of shares, bonds, and other assets are referred to as the portfolio. Each investor owns shares, which make up a portion of the fund's holdings. The current study compares and analyses the performance of 21 equity mutual funds from seven different groups (3 each of Large Cap, Large and Midcap, Midcap, Small Cap, Sectoral Value-Oriented, Sectoral Infrastructure, and Sectoral Technology). The research will last four years, from 2016 to 2020. There is a different benchmark for each group, and data is obtained from www.bseindia.com. The output of 21 mutual funds was examined in the research report. The methodology used in this study was secondary data analysis, in which annual NAV data was gathered from their respective sites. Financial methods such as Sharpe's Ratio, Treynor's Ratio, Jensen's Alpha, and Sortino Ratio are used in this study to process data and come up with accurate conclusions. When all 21 mutual funds are compared, only 4 ratios have a positive Sortino’s Ratio. In the case of Treynor’s Ratio, 4 mutual funds have a negative ratio. When it comes to Jensen’s Ratio, 5 mutual funds out of 21 have positive ratios. And only 4 mutual funds have a positive Sortino’s Ratio.
"Risk and Return Analysis of Equity Mutual Funds in India", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.6, Issue 6, page no.30 - 35, June-2021, Available :https://ijsdr.org/papers/IJSDR2106005.pdf
Volume 6
Issue 6,
June-2021
Pages : 30 - 35
Paper Reg. ID: IJSDR_193370
Published Paper Id: IJSDR2106005
Downloads: 000347375
Research Area: Management
Country: Pune, Maharashtra, India
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
