MUTUAL FUND PERFORMANCE ANALYSIS IN INDIANEQUITYMARKET

Abstract

Using various regression models, the present study aims at evaluating the performance of selectedOpen-ended Equity DIversified mutual funds schemes in the Indian equity market. The mutual funds such as HDFC Top 200 Fund(G), SBI Bluechip Fund (G), Birla Sun Life Frontline Equity Fund (G), ICICI Prudential Top 100 Fund (G) and DSP Blackrock Top 100 Equity Fund(G) have been studied for a period of over 50 months data (22nd September 2011 to 16th December 2015). The analysis has beendone using the 3 models which are Capital Asset Pricing Model (CAPM), the Fama-French Three Factors Model and the Carhart Four Factors Model (momentum factors) to evaluate the performance of the funds. NIFTY 50 was selected as the benchmark Index.