000			01574nam a22001697a 4500
003			OSt
005			20151216180826.0
008			151216b xxu||||| |||| 00| 0 eng d
100			_aRIJWANI, PARAG _920166
245			_aEVALUATING PERFORMANCE OF MUTUAL FUND MANAGER THROUGH ATTRIBUTION ANALYSIS TECHNIQUE _cRIJWANI, PARAG
260			_aJAIPUR _bRESEARCH DEVELOPMENT ASSOCIATION _cSEPTEMBER 2015
300			_a55-62
500			_aMUTUAL FUND MANAGER FOLLOWING ACTIVE INVESTING STRATEGY ARE EXPECTED TO MAKE INVESTMENT IN SPECIFIC STOCKS BASED ON THEIR INTRINSIC VALUE AND TAKE TIMELY INVESTMENT CALLS IN ORDER TO OUTPERFORM AN INVESTMENT BENCHMARK INDEX. THIS OUTPERFORMANCE IS MEASURED BY JENSEN ALPHA. THIS PAPER EXAMINES THE EFFECT OF FUND MANAGER DECISIONS ON MUTUAL FUND PERFORMANCE. USING SECURITY HOLDINGS OF SAMPLE EQUITY DIVERSIFIED INDIAN MUTUAL SCHEMES FROM MARCH 2015 TO JULY 2015 AND BRINSON'S MODEL OF PERFORMANCE ATTRIBUTION, ACTIVE RETURN OF FUND IS DECOMPOSED INTO SECTOR ALLOCATION, SECURITY SELECTION AND INTERACTION EFFECT. TO STUDY THE EFFECT OF THESE VARIABLES ON MUTUAL FUND RETURNS, PANEL DATA ANALYSIS IS USED. THE FINDINGS STATE THAT SECURITY SELECTION AND INTERACTION HAS NO SIGNIFICANT EFFECT ON PREDICTING MUTUAL FUND PERFORMANCE. SECTOR ALLOCATION HAS AN EVEIDENCE OF HAVING SIGNIFICANT EFFECT ON PREDICTING MUTUAL FUND PERFORMANCE.
650			_aMUTUAL FUNDS, ATTRIBUTION ANALYSIS, SECURITY SELECTION, SECTORAL ALLOCATION _920167
942			_2ddc _cJA-ARTICLE
773	0		_029506 _955702 _a _b _d _o5555125 _tJOURNAL OF ACCOUNTING AND FINANCE _w _x _z
999			_c40920 _d40920