Performance Evaluation of the Active and Passive Mutual Funds in the UK and India
Abstract This paper evaluates the performance of 27 actively managed and 10 passively mutual funds in the UK and India for the period August 2004 and July 2007 by employing traditional measures of performance evaluation. This is broadly divided into two categories: stock selectivity and market timi...
| Main Author: | |
|---|---|
| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2007
|
| Online Access: | https://eprints.nottingham.ac.uk/21431/ |
| _version_ | 1848792247355572224 |
|---|---|
| author | Modi, Rahul |
| author_facet | Modi, Rahul |
| author_sort | Modi, Rahul |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | Abstract
This paper evaluates the performance of 27 actively managed and 10 passively mutual funds in the UK and India for the period August 2004 and July 2007 by employing traditional measures of performance evaluation. This is broadly divided into two categories: stock selectivity and market timing ability. The former is evaluated by employing measures like Sharpe Ratio, Treynor Ratio and Jensen's Alpha and the latter by models by Treynor and Mauzy and Hendriksson and Merton. The objective of the paper is to find out whether the 27 actively managed funds outperform the 10 passive funds or the chosen benchmark indices. Some results show some over/under-performance, but it is also subject to certain limitations. Once these caveats are taken into account in calculating the risk-adjusted returns, the results may be altered. |
| first_indexed | 2025-11-14T18:41:22Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-21431 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:41:22Z |
| publishDate | 2007 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-214312018-02-17T20:17:12Z https://eprints.nottingham.ac.uk/21431/ Performance Evaluation of the Active and Passive Mutual Funds in the UK and India Modi, Rahul Abstract This paper evaluates the performance of 27 actively managed and 10 passively mutual funds in the UK and India for the period August 2004 and July 2007 by employing traditional measures of performance evaluation. This is broadly divided into two categories: stock selectivity and market timing ability. The former is evaluated by employing measures like Sharpe Ratio, Treynor Ratio and Jensen's Alpha and the latter by models by Treynor and Mauzy and Hendriksson and Merton. The objective of the paper is to find out whether the 27 actively managed funds outperform the 10 passive funds or the chosen benchmark indices. Some results show some over/under-performance, but it is also subject to certain limitations. Once these caveats are taken into account in calculating the risk-adjusted returns, the results may be altered. 2007 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/21431/1/rahul_modi.pdf Modi, Rahul (2007) Performance Evaluation of the Active and Passive Mutual Funds in the UK and India. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | Modi, Rahul Performance Evaluation of the Active and Passive Mutual Funds in the UK and India |
| title | Performance Evaluation of the Active and Passive Mutual Funds in the UK and India |
| title_full | Performance Evaluation of the Active and Passive Mutual Funds in the UK and India |
| title_fullStr | Performance Evaluation of the Active and Passive Mutual Funds in the UK and India |
| title_full_unstemmed | Performance Evaluation of the Active and Passive Mutual Funds in the UK and India |
| title_short | Performance Evaluation of the Active and Passive Mutual Funds in the UK and India |
| title_sort | performance evaluation of the active and passive mutual funds in the uk and india |
| url | https://eprints.nottingham.ac.uk/21431/ |