The analysis of debt and equity mutual fund flows identifies the presence of seasonality factors. The expected flows indicate stable investment interplay by mutual funds whereas the unexpected flows identify the presence of short-term volatility. The examination of whether positive feedback...

The purpose of this paper is to analyse the effect of size, age, ownership, and load on the efficiency of equity mutual funds in India. Using secondary data on sample of 105 equity mutual fund schemes in India for the period 2011-12, two-stage methodology is applied wherein Data Envelopment...

In this paper we did a return based style analysis of equity mutual funds in India using quadratic optimization of an asset class factor model proposed by William Sharpe. We analyzed the relative performance of the funds with respect to their style benchmarks. Our results show that the funds...

The financial media has traditionally devoted considerable space to the identification of funds with superior ‘track records' and those of ‘winner funds' repeating their performance. This paper attempts to test this important issue of ‘persistence' in performance of equity mutual funds in...