Malhotra, Davinder Kumar; Nippani, Srinivas - In: International Journal of Financial Studies : open … 12 (2024) 1, pp. 1-18
This study investigates the risk-adjusted performance of energy equity mutual funds across a 23-year period, employing … the Cumulative Wealth Index (CWI) to gauge their long-term performance relative to benchmark indices. Despite inherent … volatility due to the energy sector's cyclical nature, these funds consistently outperformed benchmarks based on monthly returns …