Value Addition Through Fund of Funds (FoFs): A Comparison Between FoFs and Individual Mutual Funds in India. (Record no. 51191)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02034nam a2200217 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190428142920.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190428b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Gowri, M. |
| 9 (RLIN) | 33563 |
| 245 ## - TITLE STATEMENT | |
| Title | Value Addition Through Fund of Funds (FoFs): A Comparison Between FoFs and Individual Mutual Funds in India. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 7-23 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The study attempts to evaluate the performance of Fund of Funds (FoFs) in terms of value addition over ordinary mutual funds in India. The performance of FoFs and individual mutual funds are compared with the risk-free returns as well as the benchmark index (BSC 100), which is taken as the proxy for the market returns. Samples were collected from the AMFI websites and respective AMC websites from April 1, 2007 to March 31, 2014 and the returns were calculated from the respective scheme's NAV price. The methods used in the study are risk adjusted tools of Sharpe ratio, Treynor ratio and Jensen Alpha. An analysis performed on the sample of equity-oriented fund of mutual funds showed that all the FoFs and individual mutual funds under study earned positive returns in excess of the risk-free rate of return offered by 91 days Treasury bill. The comparison between rates of return of the benchmark index and the sample of FoFs indicated that a majority of the equity FoFs have overperformed the benchmark. Such results might have been the result of well-designed diversification strategies in the portfolios. The results reveal that the performance of FoFs posted positive Sharpe, Treynor and Jensen Alpha. The better performance of FoFs strongly explained the added value of FOF in comparison to individual mutual funds in India. |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Fund of funds (Mutual funds) |
| Uncontrolled term | Value (Economics) |
| Uncontrolled term | Sharpe ratio |
| Uncontrolled term | Rate of return |
| Uncontrolled term | Mutual funds -- India |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Deo, Malabika |
| 9 (RLIN) | 33564 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 33027 |
| Host Itemnumber | 70660 |
| Main entry heading | MURTHY, E N |
| Place, publisher, and date of publication | HYDERABAD IUP PUBLICATION |
| Other item identifier | 5558843 |
| Title | MANAGEMENT RESEARCH |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 28/04/2019 | Vol 17, No 2/ 5558843JA1 | 5558843JA1 | 28/04/2019 | 28/04/2019 |