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Abstract
This paper aims 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 analyzed during the study period from 2013 to 2018. Their performance has also been compared against India's two most diversified benchmark indices, BSE 200 and Nifty 500. We have also attempted to determine whether there is any considerable difference in the performance of the two categories of funds or not. To do so, we employ a 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 categories, such as Multi Capital Funds and Large Cap Funds, have generated good returns over the period, with reasonable risk. Therefore, it is safe to conclude that they are a good investment option for an investor. Regarding the performance of these mutual funds, the average monthly returns generated by the funds in each category are numerically different. However, 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.
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References
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Copyright (c) 2020 Abdelkader Derbali, Ahmed K Elnagar, Lamia Jamel, Monia Ben Ltaifa
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