000			01463nam a2200229 4500
999			_c50453 _d50453
003			OSt
005			20181119174100.0
008			181119b ||||| |||| 00| 0 eng d
100			_aAgarwal, Pankaj K. _932476
245			_aMutual Fund Performance Using Unconditional Multifactor Models: Evidence from India
300			_a157S–184S P.
520			_aIn contrast to developed countries, Indian capital markets do not exhibit strong efficiency and therefore it appears possible that fund managers beat the benchmarks. We examine the existence of superior performance of open-ended equity mutual funds in India with various models including traditional Capital Asset Pricing Model (CAPM)-based as well as recent Fama–French–Carhart (FFC)-factors-based models. We use a survivorship-bias free database including all schemes since inception till recently. We found evidence of stock picking and timing abilities in Indian fund managers. Our results are robust to changes in benchmarks, return frequency, and effects of heteroscedasticity and autocorrelation (HAC).
653			_aMutual funds,
653			_aperformance,
653			_aselectivity,
653			_amarket timing,
653			_aunconditional,
653			_afactor models
700			_aPradhan, H. K. _932477
773	0		_029445 _972769 _aGANGOPADHYAY, SHUBHASIS _dNEW DELHI SAGE PUBLICATION PVT. LTD. _o5559444 _tJOURNAL OF EMERGING MARKET FINANCE _x0972-6527
942			_2ddc _cJA-ARTICLE