On Predictability Of Mutual Funds Return: Evidence from Indian Market - Softcover

Panda, Pradeep Kumar

Softcover

ISBN 10: 3659219177 ISBN 13: 9783659219177

Verlag: LAP LAMBERT Academic Publishing, 2012

Inhaltsangabe

Mutual Funds in recent past as a channel of resource mobilization has gained immense importance in general and in India in particular. Common indicators of business and monetary conditions, the lagged mutual-fund-risk premium, and the market- risk premium, are used to predict mutual-fund returns for a time horizon of one- day. In isolation, each of the four predictors significantly forecast mutual-fund returns from April 2008 to March 2011 for Indian market. The indicator of monetary conditions, i.e. the MIBOR premium, is found to have the strongest forecast power. Multivariate analysis confirm that the four predictors are indeed strong forecasters of mutual fund returns. Moreover, the MIBOR premium, the term premium, and the lagged mutual-fund-risk premium all emerge as the best and most consistent predictors of mutual fund returns. The market-risk premium is found to be good but less consistent as predictors of mutual-fund returns.

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Über die Autorin bzw. den Autor

Mr. Pradeep Kumar Panda is an Economist at APITCO and Research Scholar in Department of Economics, University of Hyderabad. He has presented several research papers in Economics in national and international conferences. His research papers are also published in national and international journals.

Details zur Ausgabe

• Verlag: LAP LAMBERT Academic Publishing
• Erscheinungsdatum: 2012
• Sprache: Englisch
• ISBN 10: 3659219177
• ISBN 13: 9783659219177
• Einband: Taschenbuch
• Anzahl der Seiten: 72
• Kontakt zum Hersteller: preigu GmbH & Co. KG; mail@preigu.de; ; Lengericher Landstr. 19; Osnabrück; Niedersachsen; 49078; Deutschland