ZENITH International Journal of Business Economics & Management Research
  • Year: 2016
  • Volume: 6
  • Issue: 2

Performance evaluation of open-ended schemes of HDFC mutual fund

  • Author:
  • Ankit Srivastava, Vikas Kumar
  • Total Page Count: 15
  • Page Number: 20 to 34

*Research Scholar, Faculty of Commerce, G.S. College of Commerce and Economics, Jabalpur, M.P.

**Assistant Professor, Faculty of Commerce, Govt. P. G. College, Obra, Sonbhadra, U.P.

Online published on 12 April, 2016.

Abstract

In this paper we tried to evaluate the performance of HDFC open-ended equity schemes with growth option. The period of the study spans from 1st April 2006 till 31st March 2015. To evaluate the performance of the selected mutual fund schemes, monthly returns are compared with Benchmark (BSE National 100 Index) returns. Further, statistical tools like average, standard deviation, beta, coefficient of determination and the risk adjusted performance measures suggested by Sharpe (1966), Treynor (1965) and Jenson (1968) were employed to evaluate the performance for the selected period.

Keywords

BSE National Index, Beta, Equity schemes, Sharpe, Treynor, Jenson, Open-ended