1Assistant Professor, Department of Commerce and Financial Studies, Bharathidasan University, Trichirappalli-620 024, Tamil Nadu, India. E.Mail -commvani@yahoo.com
2M.Phil Research Scholar, Department of Commerce and Financial Studies, Bharathidasan University, Trichirappalli-620 024, Tamil Nadu, India, E.Mail-arul.krishnamurthy@gmail.com
3Guest Lecturer in Commerce, Centre for Distance Education (CDE), Bharathidasan University, Trichirappalli-620 024, Tamil Nadu, India. E.Mail -srini24vas@gmail.com
Online published on 7 September, 2015.
In this paper, the performance evaluation of Indian Mutual Funds in a bear market is carried out through relative performance index, risk-return analysis and other measures. The data used were monthly closing NAVs, and the study period was from April 01st, 2006 to January 31st, 2010. The S&P CNX Nifty Return was considered as the Market Returns. The highly traded Equity Growth Mutual Funds brought out by these 42 Assets Management Companies were selected as the sample of 12 Equity Growth Mutual Funds. The performance evaluation of selected Mutual Funds were evaluated by Sharpe Ratio, Treynor Ratio, Jensen Measure and One-Sample t-test. The study attempts to find out whether there was significant difference between the Portfolio Returns and Market Returns. In this study, performance evaluation of monthly returns of Open Ended Equity Growth Mutual Funds in India, has been attempted.
Mutual Funds, Performance Evaluation, Risk-Return Analysis, Monthly Returns, Market Portfolio, Portfolio Returns, Market Returns
