Romanian Review of Social Sciences

Universitatea Nicolae Titulescu

INDEXED BY

GetInfo - German National Library of Science and Technology

WorldCat

WZB – Social Science Research Center (Berlin)

Index Copernicus

New Jour Catalog (Georgetown Library)

EBSCO

Address

185 Calea Vacaresti, Bucharest

PHONE

+ 40 21 330 90 32

FAX

+ 40 21 330 86 06

EMAIL

rrss@univnt.ro

ISSN

2284 - 547X

ISSN-L

2284 - 547X

EDITOR

Dan Velicu
Nicolae Titulescu University

PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA: DEA APPROACH

RRSS 2013 No.5 - Romanian Review of Social Sciences

  1. Authors:
      • Nikhat Afshan

  2. Keywords: Performance Evaluation, Mutual Funds, Efficiency, Data Envelopment Analysis

  3. Abstract:
     This study has made an attempt to measure the relative performance of mutual fund dividend and growth plan under balanced category for the year 2009 to 2012 using the non parametric approach (Data Envelopment Analysis).To better evaluate performance the new risk measures value at risk and conditional value at risk have been included as the input variable apart from the standard deviation of return, residual return and imputed cost. While the annual return and residual returns are considered as output variables. The result showed that the overall performance of both types of funds has increased over a period of time and some of the firms remained 100% efficient throughout the period of study. The study has implications for both investors and managers, as investors can choose the fund found to be consistently 100% efficient through the period of study while managers of inefficient funds can identify the source of inefficiency and improve them to become 100% efficient.

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