Funds In India Research Articles

Risk-return analysis of top mutual fund in India: A study on categorized direct plan schemes

In this study, the risk and return analysis on the portfolio determined using category-specific mutual fund schemes. Risk metrics like beta, sharpe, treynor, and Jensen's alpha value have been used to examine the schemes. These risk metrics are one of the most popular ways to analyse the risk and return analysis To conduct ths study, we collected the data of return from January 2019 to January 2022 of top Mutual funds Schemes from moneycontrol.com. This study will be help out to investor for investing their funds in a particular scheme of mutual funds and how they can get a better return on their funds.

An analysis of pricing efficiency of exchange traded funds in India using ARDL bounds test approach

An analysis of pricing efficiency of exchange traded funds in India using ARDL bounds test approach

A STUDY ON PERFORMANCE EVALUATION OF SELECTED MUTUAL FUNDS IN INDIA

In the Indian Capital market various platforms for the investor to take a position their money for getting more return. Among equity share, bond, Treasury bill, bond, open-end fund then many, but within the Indian capital market, an open-end fund is one among the foremost favorable platforms for an investor to increase their wealth. That is why here we are conducting a study on selected mutual funds in India, the sample of the study is 7 mutual funds The Financial ratio analysis is employed for performance evaluation of fund, therein taking NAV (Net assets value) and return of the three years from 17th July 2017 to 2019. Finding Sharpe ratio, Variance, BETA, and Jenson's alpha on the bases of three-year data. In this study found market sentiment affect more in aggressive hybrid open-end fund compare to conservative.

A real estate portfolio management risk assessment framework for nonlisted real estate funds in India

PurposeThis study provides an extensive risk assessment framework for nonlisted real estate funds' (NREFs) portfolio management in India across their life cycle; that is, the investment stage, the monitoring stage and the exit stage in an emerging market context. The study of risk across these three stages is a new addition to the literature and assumes importance in the context of real estate portfolio management for NREFs in the emerging markets (e.g. India), which are predominantly an opportunistic investment play.Design/methodology/approachThe risk assessment framework is built on the multiactor/multicriteria risk priorities, using analytical hierarchy process (AHP), obtained from 35 experts in four real estate fund management professional groups; namely, investors/fund managers, valuers, consultants and international developers.FindingsThe results demonstrate that the real estate portfolio management risk priorities change across the three life cycle stages of the fund. At the investment stage, specific risks are most critical; at the monitoring stage, it is important to concentrate on all three risks – specific, systematic and management risks; and at the exit stage, systematic risk plays a crucial role. Real estate portfolio management risk evaluation at the subfactor level shows that investee/partner and location selection needs to be critically evaluated at the time of the investment; project execution and quality of development must be monitored during the construction/monitoring period; and repatriation of the funds, currency volatility and exit risk (resale) are critical at the exit stage of the fund.Practical implicationsThe understanding of the real estate portfolio management risk transformation across the life cycle stages is crucial for NREF managers for risk minimization, transfer and mitigation strategy formulation in their real estate portfolios. Unlike previous research that evaluates investment risk, this study breaks the NREF's risks into the investment, monitoring and exit stages. The key risk factors for each stage depend on the NREF's real estate activities for that stage. These activities, in turn, give rise to a typical risk profile for that stage. The findings are crucial for the various stakeholders of real estate fund management and policymakers in an emerging market context; particularly India, one of the fastest growing major economies in the world.Originality/valueThis risk assessment framework for simultaneously assessing risk across the three life cycle stages of NREFs is a new addition to the literature.

How the Efficiency of Mutual Funds in India Have Evolved over Time: A Study on Selected Mutual Funds in India

This paper studies the long term memory of the returns from selected mutual funds from the large, mid & small cap and hybrid categories in India, over 10 years starting from 2008-09. The Hurst exponent is used to study the persistence and anti-persistent or mean-reverting trends and hence the market efficiency of the returns of the funds across various categories and periods are analyzed. The findings indicate, that there seems to be no significant difference in the market efficiency of various mutual funds across the categories studied over our period of interest. Although for certain periods all the categories do show persistent or anti-persistent behavior, there does not seem to be any particular pattern in such behaviour.

Unfreezing unspent social special-purpose funds for the Covid-19 crisis: Critical reflections from India.

In India, the government launched a US$22.6 billion financial support package for the poor and marginalized as a result of Covid-19. Approximately US$ 4.2 billion (INR 310 billion) came from a vast pile of unspent social special-purpose funds. How and why did such a large volume of funds accumulate in the first place, and why did it take a public health emergency to release them? What might be the consequences of their use under such emergency conditions - especially for our understanding of governance and accountability in social welfare provision? This paper presents a brief analysis of two preliminary case studies of specific social special-purpose funds in India. We rely on a handful of unstructured interviews and informal discussions with subnational government officials, civil society actors, trade union representatives, and local community leaders that began in January 2020, and which were pursued virtually following the lockdown. This is bolstered by analysis of primary documents, including Comptroller and Auditor General of India (CAG) reports, relevant laws, and contemporary press coverage. We argue that non-disbursement should be understood as a institutional matter, and not only as technical or implementation failure. Moreover, as such funds are likely to mushroom following Covid-19, our findings suggest that policymakers should focus on the institutional design, decision-making and accountability structures for the flow and distribution of Covid funds, rather than merely emphasising their collection.

Decision Making of Suitable Crops Based on Nitrogen, Phosphorous, Potassium Ratios Using Deep Neural Networks

The soil, is essential substance answerable for supporting life on earth. In spite, extremely trend setting innovation in the administration segment, agribusiness remains the significant supplier of nourishment assets and wellspring of fund in India. Testing the soil is as significant device for assessing the suitable soil supplement status and soil assists with deciding the right measure of supplements to be applied to the dirt dependent on its richness and yield prerequisities. Right now, AI were utilized to group all supplements more adequately like Nitrogen (N), phosphorous (P), Potassium (K), levels in the soil with the use of Rapidsoil Testing (RST). This made out of three areas specifically soil testing, preparing framework and technique testing.

Diversification Within Large Cap Equity Mutual Funds in India

We ask whether a portfolio of large-cap mutual funds in India generates any diversification benefits as compared to holding a single large-cap index tracking exchange-traded fund. Using a mix of traditional measures like correlation and covariance of excess returns, and measures like tracking error, information ratio, and active share, we show that there are limited diversification benefits in a portfolio of two or more large-cap funds. A majority of the funds have similar risk return characteristics and negative information ratios versus a NIFTY100 tracking ETF. A cross-sectional analysis of active shares of the funds at the end of June 2020 shows that underlying holdings of funds are crowded together and funds do not have significant active share.

A Comparative Study on Performance of Selected Mutual Funds in India

In India capital market blesses with an assortment of venture options in contrast to the investors, to help them to put resources into various venture apparatuses and to make certain the productive return. Alongside different range financial items, mutual fund ensures the greatest return and least dangers to the financial specialists. Improvement of different mutual fund schemes in the Indian capital market has end up being one of the most reactant venture road in producing noteworthy speculation development .The Asset the executives organizations are taking overwhelming part in financial related abundance and they advance speculation practice among the investors at present there are 44 Asset Management Companies (AMCs) contain the mutual fund industry. In this unique circumstance, close observing and execution assessment of mutual funds has gotten progressively fundamental. This Mutual fund industry has seen brilliant development in recent years. This investigation is planned for assessing execution of mutual funds and furthermore to reviewing the job of advantage the management companies in reference to public and private sector. The primary goal of this investigation work is to contemplate money related execution of selected mutual fund schemes through the factual parameters, for example, (beta, standard deviation, treynor's measure, Sharpe ratio). The findings of this study will supportive to investors for their investment choices in future.

Pricing Efficiency of Exchange Traded Funds in India

Exchange traded funds (ETFs) have two prices, the market price and the net asset value (NAV) price. ETFs NAV price gets determined by the net value of the constituent assets, whereas the market price of ETFs depends upon the number of units bought or sold on the stock exchange during trading hours. As per the law of one price, the NAV and market price of the ETF should be the same. However, due to demand and supply forces, the market price may divert from its NAV. This price difference may have significant repercussions to investors, as it represents a cost if they buy overvalued ETF shares or sell undervalued ETF shares. Pricing efficiency is the speed at which the market makers correct the deviations between ETFs NAV and market price. The present study attempts to investigate the pricing efficiency of Indian equity ETFs employing an autoregression model over its price deviation, and also attempts to understand the lead-lag relationship between the price and NAV using the vector error correction model (VECM).

Active versus Index Equity Investing - Early Evidence from India

This paper examines the relative performance of actively managed equity mutual funds against liquid, low-cost index-tracking exchange-traded-funds in India and investigates the merit of investing in index trackers. This is an important discussion as a majority of flows to equity schemes in the Indian fund industry currently go to share classes of actively managed funds with the highest total expense ratios. This high expense ratio raises the question of whether an investor would be better off investing in a low-cost index tracker. To deal with the active-vs-index decision for an investor, we build a simple yet robust framework using Information Ratio and R-square and use this framework to examine the performance of key equity scheme categories against two index trackers in India. The paper preliminarily affirms that low-cost index ETFs in India are credible alternatives to actively managed funds both in terms of performance and cost to the investor. The results provide preliminary evidence of, broadly defined, closet indexing in the Indian active fund management industry and raises issues of reasonableness and relevance of choice of benchmarks by active fund managers specifically in fund categories like focused schemes.

Measurement of Risk and Return Spillovers Effects among Sensex and Equity Based Mutual Funds in India

A mutual fund is a unique and significant investment avenue provided by different financial institutions. Mutual funds mobilize money from numerous investors and invest in various financial securities in the stock market. It is a professionally managed investment avenue, which is related to market risk. It has seen an incredible development in the mutual fund sector in India during the last few decades. This paper has examined the performance of the selected equity-based mutual funds schemes by analysing their risk and returns in India. This paper also examined the risk and returns spillovers effects among Sensex and equity-based mutual funds in India. A total of eighteen schemes offered by six companies operating in India have been examined over the span of six years from 1st January 2013 to 31st December 2018. The study is related to secondary data and for analysing the data daily Net Asset Values (NAVs) of selected schemes have been collected from different websites. For analysing and measurement of risk and return spillovers effects among Sensex and equity based mutual funds in Indian mutual funds, different methods like descriptive statistics and correlation have applied. For testing the hypothesis, t-test has been applied and found that there is no significant difference between daily returns of Sensex and other sample mutual fund schemes indices daily returns at a 5% degree of significance.

A Study on Growth of Micro Finance In India

Indian economy is portrayed by low rate of development, predominance of rural population, overwhelming dependency on horticulture, unfavourable land mass proportion, exceptionally skewed income distribution and wealth besides, high frequency of destitution and joblessness. The last two variables poverty and joblessness posture real difficulties to the development and success of the nation. To conquer this issue, some recently created parts like micro finance are assuming an essential part. Microfinance has been viewed as a capable tool to battle poverty through the arrangement of essential financial services including reserve funds, protection, credit and transfer of funds. Microfinance has changed from being an experiment alternative option to formal or casual sources of credit to be a model for lending projects to the poor of developing nations. Microfinance has permitted giving credit to poor people who were not given the credit by the financial institutions reason for lacking of collateralizable assets. The target of microfinance establishments is to serve needy individuals and empower them to get to credit and fight poverty. Against such upgrades, the present investigation has been done to investigation of review of literature in microfinance part with the target of studying development of small-scale fund in India throughout the years.

Validation of Selection Techniques of Mutual Fund Schemes In India

Investment is necessary for saving and mutual fund can be treated as a vehicle of investment which is liked by all the ages of investors who want to take a ride on it. For doing so, they contribute in this vehicle depending on their risk and return appetite. The fund are invested in the vehicle is driven, controlled and managed by a fund manager. This investment fund uses capital market, money market and debt market to park its funds and get a return on the same. This investment opportunity is best suited for the investor’s class who wants a more diversified investment portfolio. In the modern times mutual fund is a big industry in which many private players are coming and trying to capture the growth. There are many schemes launched by the private players which are creating super normal growth for its investors. The various options in the mutual funds schemes have increased their acceptance to a large investor base. Therefore it is imperative to identify and select those schemes of mutual fund which are best in the lot and can offer better returns to the investors. This research paper has put an effort on validating the selection techniques of mutual fund in India on the basis of return and risk frontier. Paper discussed the basis of selection of all mutual fund schemes based upon highest net asset and ranking. The ranking of these mutual fund schemes are validated by calculating the monthly returns of the funds. Researchers considered data from different sources like yahoo finance, value research online, RBI, NSE etc for this study. After this study, researchers will try to help the investors to identify and select the mutual fund schemes carefully in their portfolio as all the mutual fund schemes even if they are on higher ranking may not perform well in the short run. This will help the investors in maximizing their returns.

Investor's Experiences of Investing in Mutual Funds in India

Investor's Experiences of Investing in Mutual Funds in India

Decoding Venture Capital Exit Patterns: An Indian Perspective

This study investigated the patterns adopted by VCs in their choice of exit routes The relationship between industry, transaction, and fund level variables with type of exit route chosen was also analyzed. Exit patterns were coded based on industry, type of exit and nature of fund. The relationship between industry, transaction, fund level variables and the type of exit route chosen was analyzed based on 221 transactions that occurred in India during the period from 2004 to 2017. High levels of similarity in the exit patterns of the service and manufacturing industries were observed. The myth that IPO from a service industry generates higher value does not seem to hold true. The choice of exit route depends on the type of exit viz. partial/complete exit. The probability of market exit increased by almost 2.8 times when the exit was partial. The fact that there is similarity in exit patterns of both foreign origin and Indian funds is beneficial for entrepreneurs paving way for strategy changes. Secondly the non-differential impact of industry on exit route choice provides further options for both the entrepreneurs and investors.

Военно-морской симпозиум Индийского океана

The article is devoted to the phenomenon of the Indian Ocean Naval Symposium (IONS), the only structure that deals with security issues in the Indian Ocean Region (IOR). This is a unique organization that originated as a scientific conference and, due to the interaction of scientists, politicians and the Indian Navy, has become a full-fledged format of cooperation between all countries of the IOR. The article describes the backstory of the formation of the organization, the controversy surrounding its creation and problems it faced, as well as the history of its existence. There were several periods in its history: the initial period of high hopes during the presidency of India, stagnation during the presidencies of the UAE and South Africa, the revival during the presidencies of Australia and Bangladesh. The main problems that IONS faces now are highlighted: the absence of China and the United States having interests in the Indian Ocean, the poverty of the participating countries and dependence of the IONS work on the Indian funding, conflicts of the participating countries with each other, lack of readiness to respond quickly to changes in the situation. The author argues that some of these problems are inherent in any semi-formal and informal organization, or determined by the leading role of India in the region, and that, contrary to predictions about the imminent collapse of the IONS, this format is developing very successfully. The article discusses proposals of experts to improve the IONS functioning, some of which are already being implemented. The author believes that it makes sense to transfer the IONS experience to other regions where the development of traditional formats is unprofitable for Russia – such as the North of the Pacific Ocean, the Baltic and the Arctic.

Recital of Fund Investment at Reliance Mutual Funds in India

Mutual Funds (MF) are one such type of investment. It is a mechanism for pooling the resources by issuing units to the investors and investing funds in securities in accordance with objectives as disclosed in offer document. Mutual Fund issues units to the investors in accordance with the quantum of money invested by them. The paper highlights the performance of mutual funds in India. A mutual fund is not an alternative investment option to stocks and bonds; rather it pools the money of several investors and invests this in stocks, bonds, money market instruments and other types of securities. The owner of a mutual fund unit gets a proportional share of the fund’s gains, losses, income and expenses.

A Study on Selected Equity Diversified Mutual Funds in India

A Study on Selected Equity Diversified Mutual Funds in India

Mutual Funds

The Indian mutual fund industry witnessed a remarkable performance in the past 30 years. After independence, with the joint effort of the Indian government and the Reserve Bank of India, the establishment of Unit Trust of India marked the beginning of the mutual fund industry in India. With the opening of mutual fund industry in India, investors started taking the advantage of multiple investment opportunities. This leads to increase in savings to the funds along with banks. Mutual funds have given consistent favorable returns over the past year despite of slow growth. For making an investment in a highly sophisticated and complex financial market, investors need the support of financial experts to take an informed decision. These financial experts are mutual funds who act as an intermediary. Association of Mutual Funds in India is established to protect the interests of mutual funds along with its unit holders and to ensure the development of Indian mutual fund industry on ethical and professional lines. Today, investors prefers to invest in mutual funds amongst other investment options as mutual funds ensures protection of their interest by making an optimum investment decision making. Investment in mutual funds proved to be advantageous to those investors who are ready to take higher risk in order to earn higher return but they lack adequate knowledge of the market.