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Follow on Google News | "68 percent of Total Mutual Fund Schemes are not efficient" : Research StudyBy: Indian Institute of Finanance Mutual Funds are the financial institutions which play a crucial role in mobilizing savings and investing them in the capital market. This study attempts to indentify the efficiency of the selected mutual fund schemes within growth and income schemes and for all selected mutual fund schemes. The DEA technique helps to identify the efficient unit in a given set of identical or homogenous business units. It compares the observed outputs and inputs, identifies the relatively best practice units to define the efficient frontier and then measure the degree of inefficiency of the other units relative to the efficient frontier. The study has used different attributes of mutual funds viz., total Risk and Expenses ratio as input and Asset Under Management and 10 year mean annual return as output variables. From the analysis, 54% of growth schemes are found efficient, 58% of Dividend schemes are found efficient. As a whole only 32% of the schemes are found efficient. Finance India – Quarterly Journal of Finance of Indian Institute of Finance published since 1987 is ranked 4th best amongst 21,000+ Journals-Indexed in SJIF Journals Rank by Scientific Journal Impact Factor (SJIF) with a high SJIF Impact Factor Value for 2019 as 7.262. Finance India is ranked at par with top international journals. Finance India, SCOPUS Indexed & UGC approved Journal. It is a Two Tier Triple Blind Peer Review Journal of more than 400 pages. Its has an exalted Editorial Board of over 100 Experts from all over World including 6 Nobel Laureates headed by Prof. Dr. JD Agarwal, an eminent economist. It is indexed and abstracted by more than 35 agencies and over 100 Universities worldwide. https://www.financeindia.org End
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