An Empirical Study on the Performance of Select Large Cap Equity Mutual Funds in India

Mr. Samyabrata Das

doi:https://doi.org/10.17492/mudra.v2i1.6442

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An Empirical Study on the Performance of Select Large Cap Equity Mutual Funds in India

Samyabrata Das

Vol 2, Issue 1, January - June 2015 | Pages: 52-70 | Research Paper

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https://doi.org/10.17492/mudra.v2i1.6442

Published Online: June 21, 2015

Author Details ( * ) denotes Corresponding author

1. * Samyabrata Das, Assistant Professor, Department of Commerce, New Alipore College, Kolkata, West Bengal, India (samyabrata1@gmail.com)

Since the opening up of the economy in the early 1990s, Indian mutual fund industry has witnessed fabulous quantitative growth. Funds which invest a larger proportion of their corpus in companies with large market capitalization are called large cap funds. Actively managed funds make use of a human element, such as a single manager, co-managers or a team of managers, to actively manage a fund's portfolio. The main objective of the study is to analyse the performance of select actively managed large cap equity funds in the line of risk-return parameters. This study is based on fourteen funds from twelve Asset Management Companies. All the funds are ranked under seven performance measures, namely, fund return, fund standard deviation, Sharpe Ratio, Treynor Ratio, return from systematic investment plan (SIP), Jensen Alpha, and RSQ, for five different time periods of 1-year, 3-year, 5-year, 7-year, and 10-year.

Keywords

Actively Managed Funds, Large Cap Funds, Mutual Fund, SIP

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