Selection Abilities of Select Indian Mutual Fund Managers

Bilal Ahmad Pandow

Selection Abilities of Select Indian Mutual Fund Managers

Bilal Ahmad Pandow *

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Abstract

The stock selection is considered to be the core of the investment process. This involves identifying and selecting undervalued securities which are expected yield good results in the future. In practice fund managers are expected to earn superior returns for unit holders consistently as being professionals therefore possession of superior skills to collect and analyze the data with the purpose to select the right type of securities for the portfolio is a must for them. The present work is based on the review of many studies both foreign and Indian studies relating to mutual funds. The mutual fund industry in India consists of public sector, private sector and foreign funds. All the three sectors are studied to analyse the selectivity performance on the basis of sponsorship of funds. However, from these only active funds belongings to Growth, Income, Balanced and Tax-Saving Schemes were selected for the study. In this paper stock selectivity skills of sample fund managers were tested using Jensen’s Alpha and Fama’s net selectivity measures models.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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How to Cite This Article

Bilal Ahmad Pandow. 2016. "Selection Abilities of Select Indian Mutual Fund Managers". Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 16 (GJMBR Volume 16 Issue C8).

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GJMBR Volume 16 Issue C8

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-C Classification JEL Code: G20

Submission ReceivedDecember 14, 2015
Peer Review Double Blind
Handling Editor
Accepted January 3, 2016
Published January 15, 2016

Version of record

v1.2

Issue date

December 10, 2016

Language

English

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Country: Oman

Subject: Global Journal of Management and Business Research

Authors: Bilal Ahmad Pandow (PhD/Dr. count: 0)

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