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-sold funds in India. We do not find any evidence that direct-sold funds underperform the broker-sold funds. Despite the superior … services provided by the brokers. We find that fund houses in India offer both direct and broker-sold funds to target different …
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In this paper, we examine whether foreign institutional investors (FII) and mutual funds (MF) show a higher preference for fundamentally stronger firms. We employ Pitroski's F score and its constituents (profitability, efficiency, and leverage) to measure the fundamental strength of firms....
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