literature review on mutual funds

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AN ANALYTICAL REVIEW OF THE LITERATURE ON PERFORMANCE EVALUATION OF MUTUAL FUNDS IN INDIA

Mutual Funds have evolved as an important investment option in the 21 st century. Its funds shareholding is increasing manifold year by year. Mutual Funds are effective and efficient and are gaining popularity among investors because of their convenient nature and easy operations with good returns. Therefore seeing the relevance of the topic, there is a need to do a review of literature and research done in the past on mutual funds. All the aspects of mutual funds have been covered namely Performance evaluation, Investor perception and relevance, History and evolution of Mutual funds, Selectivity and Market timing performance and Sector Funds. A Chronological study has been done. The most widely researched upon aspect of the mutual funds is " Performance Evaluation ". Researchers have compared the top – mutual fund houses of various times and compared public and private mutual funds. This helps the investor in the formulation of growth trends so that he may be able to forecast the future and increase his wealth. Investors were resistant to mutual funds in 1990s but their perception has changed relatively now. Mutual funds are rapidly emerging as an investment option due to the tax benefits associated with them.

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Review of Literature

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• G. V. Satya Sekhar 2  

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In India, there are a few studies on mutual funds, which have a complete scientific analysis, primarily due to the comparatively short period of existence of mutual funds. Samir et al. (1994) reviewed the work done with respect to capital markets during the 15-year period from 1977 to 1992. 1 They mentioned that a large number of works are merely descriptive or prescriptive without rigorous analysis. However, a rigorous scientific research was carried out in this subject in other countries. Besides this, now we can obtain a lot of information through different websites or portals like ‘ mutualfundsindia.com ’. 2

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Sekhar, G.V.S. (2014). Review of Literature. In: The Indian Mutual Fund Industry. Palgrave Macmillan, London. https://doi.org/10.1057/9781137407993_2

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DOI : https://doi.org/10.1057/9781137407993_2

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