A comparative study of financial performance of selected indian and foreign mutual funds in india

Abstract

Mutual funds have emerged as dynamic financial intermediary in the newlinefinancial system between the suppliers and the users of money Though newlinemutual fund industry today is one of the most preferred investment avenues in newlineIndia with a plethora of schemes available the retail investor faces problem newlinein selecting funds In addition to qualitative measures like investment newlinestrategy management style etc the funds record is an important indicator newlinetoo Though past performance cannot be an indicator of future performance newlineit is frankly the only quantitative way available to judge how good a fund is at newlinepresent newlineForeign mutual funds outperforms Indian mutual funds due to several newlinefactors like introducing many new practices such as new product innovation, newlinesharp improvement in the service standards and disclosure usage of newlinetechnology broker education etc There is also an aggressive expansion of newlinethe foreign owned mutual fund companies and the decline of the companies newlinefloated by the nationalized bank and smaller private sector players in India newlineIn this context Performance evaluation and Comparative Study would help newlinethe funds compare their performance with other funds besides being a newlinepotential source of information to the present and prospective investors newlineespecially the small investors newline newline