A study on performance attribution of equity mutual funds

Sumana, B. K. and Shivaraj, B. (2015) A study on performance attribution of equity mutual funds. International Journal of Advanced Research in Management and Social Sciences, 4 (11). pp. 9-17. ISSN 2278-6236

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Abstract

Most of the researches carried out in the domain of mutual fund is the evaluation of the performance of various mutual funds whether actively managed or passively managed using risk adjusted performance measures. The empirical and conceptual research has paid little attention to the concept of performance attribution.�Performance attribution is a technique used to quantify the excess return of a portfolio against its benchmark into the active decisions of the investment decision process� (Bacon, 2008). Performance attribution analysis is a tool to understand the sources of return in a portfolio. This paper highlights the concept of performance attribution and discusses the different attribution models used in equity mutual funds. The performance return attribution results are useful to the portfolio manager as well other stakeholders in the asset management process. Performance attribution also provides individual investors with information necessary to guide their financial planning.

Item Type: Article
Uncontrolled Keywords: Attribution and BHB and Interaction and Asset Allocation and Stock Selection
Subjects: G Commerce > Business Administration
Divisions: Department of > Business Administrations
Depositing User: Shrirekha N
Date Deposited: 24 Jun 2019 11:22
Last Modified: 24 Jun 2019 11:22
URI: http://eprints.uni-mysore.ac.in/id/eprint/3767

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