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A Comparative Study on Performance Analysis of Debt and Equity Schemes at HDFC Mutual Funds with Reference to Birla Sun Life and ICICI Prudential Debt and Equity Mutual Funds


 

Mutual funds accumulate the reserves of various investors & invested in equity & debt market in the form of fund. On the basis of money invested, investors get the number of units Our mutual fund industry has flourished at a CAGR of 20% in terms of assets under management due to strong measures introduced by SEBI, supportive tax policies, coming of new schemes, rising reserves among people. Availability of the huge variety of mutual funds had made it arduous for the investors to choose between the equity & debt schemes .If one scheme in the portfolio performs badly, it will affect the investment decision of investors. To save the investors from such problem, it had become imperative to appraise the performance of mutual fund portfolio so that investors can judge their investment decision accordingly. The present study is made with this framework. This paper had made a comparative study on performance analysis of debt & equity schemes at HDFC with reference to Birla sun life & ICICI mutual fund schemes by taking their daily returns & to know the category of funds where the investor would like to invest in.15 schemes had been included in the research. The timeline for the research work is from 1st Jan 2009 to 31st Dec, 2013. Different tools used for rating include Sharpe, beta, average, NAV and standard deviation. The results showed that of all schemes, HDFC infrastructure fund, short term plan & long term gilt fund are proficient. Birla Sun life Tax saving fund & Index fund are also excellent than HDFC & ICICI.


Keywords

Mutual fund, equity schemes, debt schemes, Sharpe, beta, investors
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  • A Comparative Study on Performance Analysis of Debt and Equity Schemes at HDFC Mutual Funds with Reference to Birla Sun Life and ICICI Prudential Debt and Equity Mutual Funds

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Abstract


Mutual funds accumulate the reserves of various investors & invested in equity & debt market in the form of fund. On the basis of money invested, investors get the number of units Our mutual fund industry has flourished at a CAGR of 20% in terms of assets under management due to strong measures introduced by SEBI, supportive tax policies, coming of new schemes, rising reserves among people. Availability of the huge variety of mutual funds had made it arduous for the investors to choose between the equity & debt schemes .If one scheme in the portfolio performs badly, it will affect the investment decision of investors. To save the investors from such problem, it had become imperative to appraise the performance of mutual fund portfolio so that investors can judge their investment decision accordingly. The present study is made with this framework. This paper had made a comparative study on performance analysis of debt & equity schemes at HDFC with reference to Birla sun life & ICICI mutual fund schemes by taking their daily returns & to know the category of funds where the investor would like to invest in.15 schemes had been included in the research. The timeline for the research work is from 1st Jan 2009 to 31st Dec, 2013. Different tools used for rating include Sharpe, beta, average, NAV and standard deviation. The results showed that of all schemes, HDFC infrastructure fund, short term plan & long term gilt fund are proficient. Birla Sun life Tax saving fund & Index fund are also excellent than HDFC & ICICI.


Keywords


Mutual fund, equity schemes, debt schemes, Sharpe, beta, investors