1Senior Research Fellow, Faculty of Commerce, Banaras Hindu University, Varanasi. Email: priyanka3027@gmail.com
2Professor, Faculty of Commerce, Banaras Hindu University, Varanasi. Email: kkjaiswal.bhu@gmail.com
Online published on 2 April, 2019.
This study aims to evaluate the performance of open-ended equity schemes of Birla Sun Life and HDFC Mutual Funds with growth option. To examine the performance, a sample of 12 schemes have been selected on the basis of monthly returns and compared with benchmark (BSE National 100 Index) returns for the period from January 2007 to December 2015 (nine years) of transition economy. For this purpose, statistical tools like average, standard deviation, beta and coefficient of determination were employed.
Open-ended, Benchmark, Standard deviation, Coefficient of determination, Beta
