Mutual Fund in India

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Master of Science in Management Specialization in Banking & Finance
Research Methodology & Decision Analysis for Business (RMDAB)
Assignment 2
Literature Review
TOPIC: MUTUAL INVESTMENT FUNDS IN INDIA

Student Name: Sangawar Pratik Shankar
Batch: MFBD51217A
FIN: G1190040U

Table of Contents: 1. Background…………………………………………………………Pg.3 2. Literature Review on Mutual Investment Funds…………………....Pg.7 3. Conclusion…………………………………………………………Pg.21 4. References…………………………………………………………Pg.23

Background
(a)Introduction
The Four Basic Components on which Indian financial system is based on are Financial Market, Financial Institutions, Financial Service and Financial Instrument. One of the most important components of Financial Instrument is Mutual Investment Fund (mutual fund). (Jaspal Singh, 2004) (Mason Dave, 1999)

“A mutual fund is a pool of money contributed by numerous investors, the capital gathered is invested to buy a hefty portfolio of securities” There are essentially three categories of mutual funds i.e. Money Market, Fixed Income and Stocks within each category there are variety of funds. (Mason Dave, 1999)

An investment company is a body with trained portfolio managers as investment experts, they pool up the investors’ small capitals or funds for the reason of bankroll in securities. The most well-known form of Investment organisation is the open-end management association. The Other type of investment funds are closed-end funds, exchange-traded funds, business development organizations and unit investment trusts. (Jaspal Singh, 2004)

The all above mentioned are civil funds the reason for that is, their share are publicly issued to investors and thus the funds and their shares are requisite to be registered with the Security Exchange Board of India (SEBI). Investment organisation/association that are secretly tender and issue their shares to



References: Amporn Soongswang, Y. S., 2011. Equity Mutual Fund: Performances, Persistence and Fund Rankings. Journal of Knowledge Management, 1(6), pp. 11-76. Bello, Z. Y., 2009. On The Predictability Of Mutual Fund Returns. Journal Of Business & Economic Stidies, 15(1), pp. 70-89. Bhapkar, R., 2007. Corporate Portfolio Management: Capital Allocation From A Risk-Return Perspective. Corporate Finance Review, 12(2), pp. 27-38. Cornaggia, J. N., 2009. Economic Effects of Access to Finance. Jornal of Finance, 1(4), pp. 43-57. Dave, S. A., 1992. Mutual Funds: Growth and Development. The Journal of the Indian Institute of Bankers, pp. 42-117. Dr. Rajesh Bahunguna, M. K. A., 2010. Dehradun Law Review. A Journal Of Law College Dehradun Uttarakhand India, 2(1), pp. 7-82. F. A. Abeer, A. A. A. N. T. Z., 2012. Obstacles Of Mutual Investment Funds. Interdiciplinary Journal Of Contemporary Research In Business, 3(12), pp. 350-355. Fama Eugenef, K. R. F., 2010. Luck versus Skill in the Cross-Section of Mutual Fund Returns. The Journal of Capital portfolio Management, LXV(5), pp. 16-37. Furfine, C., 2001. Bank portfolio allocation: The impact of capital requirements. Journal of Financial Services Research, 20(1), pp. 33-56. Garmhausen, S., 2012. Primed For A Come Back. Financial Planning, 2(4), pp. 23-45. Glassman, J., 2004. A Better Mutual Fund Reform. The American Enterprise, 15(3), pp. 49-57. H Paul, K. J. F., 2007. Capital Allocation For Portfolio Credit Risk. Journal of Banking and Finance, 10(4), pp. 103-122. Hamidreza Mirmohammad, M. N., 2012. International Research Journal of Finance and Economics. A New Service Development in Iranian Financial Service Industry: Mutual Fund, Issue 87 (2012), pp. 7-16. Harald Hau, H. R., 2004. Can Portfolio Rebalancing Explain The Dynamics of Equity Returns, Equity Flows and Exchange. The American Economic Review, 94(2), pp. 126-145. Haugen, R. A. K. c. O., 1986. A PORTFOLIO APPROACH TO OPTIMIZING THE STRUCTURE OF CAPITAL CLAIMS. Jaurnal of Risk and Insurance , 37(1), pp. 41-72. Hickey, L., 2010. The Palgrave Macmillan Dictionary of finance, investment and banking. Dictionary of finance, 48(1), pp. 60-87. Iqbal Mansur, O. B. A. N., 2010. The Relationship Between Money Market Mutual Fund Maturity and Interest Rates. Journal of capital management, 1(2), pp. 109-178. Jaspal Singh, S. C., 2004. An Emperical Analysis of Perception Of Investors towards Mutual Investment Fund. Finance India, 18(4), pp. 1673-1693. Jian Cai, C. K. a. T. M., 2010. Economic Commentary Compensation and Risk Incentives in Banking and Finance. Journal of Banking and Finance, 1(1), pp. 2010-2013. Klinger, E. D., 1992. A Banker 's Guide to Mutual Funds. Bankers Monthly, 109(12), pp. 18-21. Korpela, M., 2005. Mutual fund expenses: Evidence on the effect of distribution channels. Journal of Finance Management, 1(2), pp. 89-103. Lashgari Malek, W. M., 2003. The Information cantent of Morningstar 's mutual fund ratings: The case for growth funds. American Business Review, 21(2), pp. 1-19. Lashgari, M., 2011. An Invetment Portfolio Design For an Educational Endowment Fund the Role of Human Capital. Journal of Applied Business and Economics, 1(1), pp. 1-14. Leake, J., 2008. Successful Portfolio management and RAPM. Balance sheet, 8(3), pp. 18-46. Mahreen Mahmud, N. M., 2011. An Evaluation of Mutual Fund Performance in an Emerging Economy: The case of Pakistan. The Lahore Journal Of Economics, 16(2), pp. 301-316. Mansur, I., 2011. JOURNAL OF FINANCIAL SERVICE PROFESSIONALS. The Relationship between Money Market Mutual Fund Maturity and Interest Rates, Issue JULY 2011, pp. 55-66. Martin, W. A., 2009. Essays on financial markets, legal institutions and economic development. ProQuest Dissertations and Theses, 2(1), pp. 80-91. Mason Dave, M. A. M., 1999. An Introduction to mutual funds: A good choice for retirement investing. New Accountant, 14(4), pp. 10-34. Nanigian, D., 2012. Advice on Mutual Fund Selection. Journal Of Financial Service Professional, 1(1), pp. 72-76. Nilsson, J., 2007. Investment with a Conscience: Examining the Impact of Pro-Social Attitudes and Percieved Financial Performance on Social Responsible Investment Behvior. Journal of Bussiness Ethics, 10(1), pp. 308-322. O 'Neal, S. E., 2000. Real estate mutual funds: Abnormal performance and fund characteristics. Journal of Real Estate Porfolio Management, 6(3), pp. 239-354. Palmiter, A. R. T. E. A., 2009. Star Creation: The Incubation of Mutual Funds. Vanderbilt Law Review, 62(5), pp. 1483-1491. Palmiter, A. R. T. E. A., 2009. Star Creation: The Incubation of Mutual Funds. Vanderbilt law Review, 62(5), pp. 1487-1498. Patari, E. J., 2007. Do Hot Hands Warm the Mutual Fund Investor? The Myth of Performance Persistence phenomenon. International Research Journal Of Finance and Economics, 1(4), pp. 118-135. Patzelt, K. a. H., 2009. Portfolio Strategies of Life Science Venture. Journal of Small Business and Entrepreneurship, 22(2), pp. 87-100. Rainish Robert, P. G., 2002. Performance of Latin American focused mutual funds. American Business Review, 20(1), pp. 21-45. Ramola, K., 1992. Yojana. Mutual Fund and The Indian Capital Market, 36(11), pp. 57-69. Shah, T. M., 2000. Hot money and the emerging markets: Global political and economic determinants of portfolio capital. The Journal of Social, Political and Economic Studies, 25(1), pp. 27-57. Warburton, A. J., 2006. Should Mutual Fund Be Corporations? A Legal & Econometric Analysis. Business Review, 3(6), pp. 747-776. Wildmann, C., 2011. What drives portfolio investment of German banks in emerging markets?. Finance Market and Portfolio Management, 14(2), pp. 197-231. William Fung, D. A. H. N. N., 2008. Hedge Funds: Performance, Risk and Capital Formation. The Journal Of Finance, LXIII(4), pp. 23-49.

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