Title: Performance evaluation of equity mutual funds using data envelopment analysis
Authors: Geetika Sharma; Vipul Sharma
Addresses: Banwari Lal Jindal College, Tosham 127040, Haryana, India ' Department of Accounting & Finance, University of Petroleum & Energy Studies, Dehradun 248007, Uttarakhand, India
Abstract: This study has employed the BCC model of non-parametric technique DEA to assess the relative performance of a sample of 33 open ended equity (diversified/large cap) funds selected to represent the Mutual Fund Industry of India for a five year period 2008-2009 to 2012-2013. Specifically, it has carried out a non-parametric analysis of the relationship between output measure proxied by raw returns and a series of input variables including standard deviation, beta and expense ratio.
Keywords: mutual funds; data envelopment analysis; performance evaluation.
DOI: 10.1504/IJFSM.2018.089915
International Journal of Financial Services Management, 2018 Vol.9 No.1, pp.1 - 13
Received: 05 Oct 2016
Accepted: 26 Jan 2017
Published online: 25 Feb 2018 *