The study shows the areas in which inefficient mutual funds are lagging behind and how they can improve their performance to bring them at par with other efficient mutual funds. Using data envelopment analysis approach, this study compares the relative efficiency of aggressive growth mutual funds. We study the efficiency of mutual funds in terms of risk-adjusted performance, load, 12b-1 plan, a...

Determining which types of mutual (or managed) investment funds are good financial investments is complicated by potential survivorship biases. This project adds to a small recent international literature on the patterns and determinants of mutual fund survivorship. We use statistical techniques for survival data that are rarely applied in finance. Of specific interest is the hazard rate of fun...

In academic literature mutual fund investment has been traditionally studied from the perspective of an optimal portfolio allocation problem. An increasing body of empirical and experimental evidence has suggested that the investors’ behavior share remarkable similarities with the behavior of buyers in consumer goods markets. In this study develop and test a number of hypotheses based on empiri...

Does the “smart money” effect documented by Gruber (1996) and Zheng (1999) reflect fund selection ability of mutual fund investors? We examine the finding that investors are able to predict mutual fund performance and invest accordingly. We show that the smart money effect is explained by the stock return momentum phenomenon documented by Jegadeesh and Titman (1993). Further evidence suggests t...

Mutual Fund as an investment option gives a platform to risk averse investors who do not prefer take high on their hard earned money. In India, Industry is growing at rapid pace and has emerged vital segment of the financial markets, specifically in channelizing mobilizing savings hundreds individuals equity debt instruments. Since mutual funds influenced by perception, purpose present study ex...

In this article, we examine a broad sample of socially responsible (SR) and conventional mutual funds with respect to financial and ethical parameters. We cannot document profound differences in their financial performance. With regard to ethical performance, we indeed find that an investor who seeks to avoid the least ethical of all available funds can do so by purchasing SR mutual funds. Stil...

In this article, we examine a broad sample of socially responsible (SR) and conventional mutual funds with respect to nancial and ethical parameters. We cannot document profound differences in their nancial performance. With regard to ethical performance, we indeed nd that an investor who seeks to avoid the least ethical of all available funds can do so by purchasing SR mutual funds. Still, we ...