Mutual Fund Performance: A Review

Abstract

One of the successful recent financial innovations is the mutual funds. Mutual fund industry has evolved in to a market that caters to every investment objective of the investor, as the products offered provide a range of benefits like, retirement savings, investment products for tax, deferred individual retirement plans, capital appreciation, regular savings and return. The most important evaluation criterion an individual investor considers for investing in a fund is its past performance. The individual investors need to understand that past performance of a fund is not be read independently but jointly with investment style, expense ratios, minimum investment, fund manager and his personal investment, governance structure etc. An attempt has been made in the paper to understand the different facets of mutual fund performance by reviewing research works of different authors on mutual fund performance. Key Words: Mutual funds, Mutual Fund Performance, Review, Ranking of funds, Ethical investments.

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