Literature review on mutual funds in sbi

The results showed that the funds generally produced superior risk-adjusted returns and that the French market was inefficient with respect to the completeness and speed of dissemination of information.

Results showed positive returns of the stock market for the first three years and negative returns for the fourth year. The author concluded that Average fund return increases with increase in risk. Sample of 19 investment-grade corporate bond funds was used for the period of 5 years July — June Mcdonald developed a model to evaluate the investment performance of funds holding securities in two countries.

Arditti further Literature review on mutual funds in sbi that investors preferred positive skewness because positive skewness implied greater probability of higher return. Stehle and Olaf conducted a research to evaluate the open-ended mutual funds risk-adjusted performance. Therefore assets with relatively low reward-to-variability ratios would not be inferior investments if ratios also have relatively high third moments high positive skewness.

By using parametric and nonparametric techniques author examined the performance of these open-end mutual funds using monthly data. The performance was then compared with the help of Jensen measure and Positive Period Weighting Measure.

The author also concluded that past performance showed little predictive value and that the performance was positively related to the availability of new cash resources for investment purposes.

While the second sample included all surviving and 20 non-surviving funds during the sample period. Study was restricted the sample to purely domestic equity funds with at least 24 months of data.

Study concluded that the mutual funds were inferior investments during the period. Mcdonald also found that the funds were generally able to attain superior returns relative to naive portfolio strategy. For this purpose a sample of funds was taken and 4-factor model was used.

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Study used a data set that included all German funds sold to the public in Higher return funds may loose attractiveness due to higher risk while the lower return funds may be attractive to investors due to the lower risk.

Both conditional and unconditional models were used to evaluate the performance. For this purpose study involved a data set that included the returns from all mutual funds in existence in each year of the period. This study is based on weekly data for equity mutual funds and includes 23 equity funds that existed for the whole period under consideration.

A research was conducted by Martin et al. Two benchmarks value-weighted single-index benchmark and three-factor benchmark were used in the analysis. The results showed that value-weighted and equal-weighted portfolios of mutual funds underperform the single-index benchmark by approximately 7.

Therefore study concluded that the past performance of a fund provides useful information for investors who were considering an investment in mutual funds. The study was conducted for three periods: Study also investigated the performance of fund managers along with the influence of fund characteristics on risk-adjusted performance.

However, no general, statistically significant relationships of either type were found. The results showed some weak positive relationships and some weak negative relationships between betas and the rate of return for the market.

Results also indicated that the risk-adjusted performance of larger and older funds, and funds charging lower fees was higher. The results indicated a good deal of noncosistency in the risk-return relationships.

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Funds were evaluated on the basis of single-index model and several multi-index and asset-class-factor models. In order to analyze the performance regression was used. The authors concluded that Investors may not fully take advantage of possible portfolio risk reduction and higher returns if international mutual funds were excluded.

The performance was compared with both domestic and international benchmark indices.LITERATURE REVIEW- COMPARATIVE ICICI & SBI 1. State Bank of India merchant banking, mutual funds, credit card, factoring, security trading, pension fund management and primary dealership in the money market.

The Bank operates in four business segments. An exhaustive literature review on mutual funds and portfolio diversification will be conducted. SBI Funds Management Pvt. Ltd. is a joint venture between 'The State Bank of India' one of India's largest banking enterprises, and Society General Asset Management.

16 SBI Mutual Funds reviews. A free inside look at company reviews and salaries posted anonymously by employees. Literature Review of Mutual Funds mbalectures June 1, June 1, 10 Comments Sharpe () in order to evaluate the risk-adjusted performance of mutual funds introduced the measure known as reward-to-variability ratio (Currently Sharpe Ratio).

SBI Mutual Fund invites Non Resident Indians to take the opportunity to invest and benefit from the growth potential in India. Corner Complete transactions, service SBI Funds Management Pvt. Ltd (Representative office). COMPARATIVE STUDY ON PERFORMANCE EVALUATION OF MUTUAL FUND SCHEMES OF INDIAN COMPANIES Mutual Funds have become a widely popular and effective way for investors to participate in financial markets in of it which may be useful for the investors to select the right mutual fund.

LITERATURE REVIEW: Sapar & Narayan() examines the.

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Literature review on mutual funds in sbi
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