Performance Evaluation of Various Mutual Fund Schemes Recommended by ICICI Securities Limited

- Dr. Sneha S. Shukla, Associate Professor, Faculty of Management, GLS University, Ahmedabad

- Mahendi Jobanputra, Student-Faculty of Management, GLS University, Ahmedabad

Abstract:

Abstract:

Mutual funds as an investment vehicle have gained immense popularity in the current scenario,

which is clearly reflected in the robust growth levels of assets under management. This study is

an attempt to overview the performance of various Equity Funds, Balanced Funds and Equity

Saving Funds displayed on ICICI Direct portal for the year 2016-17. In the present study, an

attempt is made to help investors take better investment decisions by evaluating the schemes

based on Sortino ratio, Sharpe ratio, Treynor ratio, Jensen ratio and Fama measure. The study

also attempts to recommend schemes based on each strata. Rank analysis is used to recommend

schemes based on their overall performance.

Keuwords:

Mutual Fund Schemes, Sortino Ratio, Sharpe Ratio, Fama Measure, Treynor Ratio,

Jensen Ratio

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