COMPARITIVE STUDY OF RISK WEIGHTED RETURNS OF SELECTED ACTIVE MUTUAL FUND SCHEMES

Abstract

The objective of this study is to measure the performance of selected active mutual funds, to calculate the volatility of selected mutual fund schemes and to compare the risk weighted performance of selected mutual fund schemes. The secondary data is taken from 20 mutual fund schemes for 10 years under the three categories based on large, mid cap and small cap fund. This analysis is done with the tools of monthly return, volatility scaled return and downside volatility scaled return and also using the model that is Single index model and Fama French model. The results show that in order to assess the volatility and downside volatility return on that large cap, mid cap, and small cap funds for chosen schemes, the best performance of providing a highest return of selected active mutual funds for monthly return should be measured. Finally, to comparing the risk weighted performance for the helps of those Single index model and Fama French Model for the selected funds.