Title: Index mutual fund schemes in India: a performance analysis

Authors: Ainsley Granville Andre Jorge Bernard

Addresses: Department of Commerce, V.V.M's Shree Damodar College of Commerce and Economics, Margao – Goa, India

Abstract: Mutual funds exhibit a very dynamic nature and play a vital role in the economy by helping to mobilise savings of small investors and channelising it to the capital markets thereby having short-run as well as long-term impact on the savings rate, the stock market and the national economy. Mutual funds have opened up new avenues to investors and also brought liquidity in the investment arena thereby being transformational to the financial system in India. This study attempts to measure the risk-return profile of select index funds, evaluate their performance and make a comparative analysis with the benchmark Nifty 50. Ten index mutual fund schemes of various asset management companies were considered for the study. Nifty 50 was considered as the benchmark since it is widely considered to be the best representative of the stock market performance in India. The findings may be useful for mutual fund houses, investors and other stakeholders.

Keywords: mutual funds; index funds; asset management companies; Nifty 50; India.

DOI: 10.1504/IJBG.2021.113792

International Journal of Business and Globalisation, 2021 Vol.27 No.4, pp.505 - 512

Received: 23 Nov 2018
Accepted: 04 Feb 2019

Published online: 31 Mar 2021 *

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