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...

Persistence in performance of fund managers has been a topic of interest among finance fraternity for the last four decades. In this paper we evaluated the relative performance of equity mutual funds in India with respect to three performance indicators, and also tested the persistence in their...

In this paper we evaluated the relative performance of equity mutual funds in India with respect to three performance indicators namely raw returns, the tracking error they generate over their benchmarks, and the information ratios they attain and also tested the persistence in their performance...