Main Article Content

Abstract

The purpose of this paper is to compare the performance of prominent multi capital and large capital funds. We examine the performance of 10 prominent funds under both the selected categories has been analyzed during the period of study from 2013 to 2018. Their performance has also been compared against two most diversified benchmark indices of India such as BSE 200 and Nifty 500. We have also attempted to find out whether there is any considerable difference in the performance of the two categories of funds or not. To do so, we employ One-way Analysis of Variance (ANOVA) for the comparison of mutual funds as an econometric methodology for a period of study from 2013 to 2018 for a sample of 20 Indian mutual funds. From the empirical findings, we find that the mutual fund schemes under both the categories such as Multi Capital Funds and Large Cap Funds have generated good returns over the period and that too with a reasonable risk. Therefore, it is very safe to conclude that they are good investment option for an investor. In terms of performance of these mutual funds, the average monthly returns generated by the funds in each category are numerically different, but this difference has not been found statistically significant. At the same time, there is no significant difference between these funds and NIFTY 500 as well as these funds and BSE 200 in terms of their returns.


JEL Codes: G32, G20, O16.

Keywords

Large Cap Funds Mutual Funds Multi Cap Funds Return Risk

Article Details

Author Biographies

Abdelkader Derbali, Department of Administrative and Financial Sciences and Techniques, Community College, Taibah University, Medinah (Saudi Arabia)

Assistant Professor
Academic profiles: Scopus

Ahmed K Elnagar, Department of Administrative and Financial Sciences and Techniques, Community College, Taibah University, Medinah (Saudi Arabia)

Assistant Professor

Lamia Jamel, Department of Finance and Economics, College of Business Administration, Taibah University, Medinah (Saudi Arabia)

Assistant Professor
Academic profiles: Scopus

Monia Ben Ltaifa, Human Resource Department, Community College in Abqaiq, King Faisal University, Abqaiq (Saudi Arabia)

Assistant Professor

How to Cite
Derbali, A., K Elnagar, A., Jamel, L., & Ben Ltaifa, M. (2020). Performance of Mutual Funds: A Comparative Study of Prominent Multi Capital and Large Capital Funds. Management & Economics Research Journal, 2(4), 27-44. https://doi.org/10.48100/merj.v2i4.123
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