Mutual Funds - Science topic

Introduction/Main Objectives: This study is to provide a wider bibliometric literature review on Islamic financial literacy (IFL). Background Problems: IFL requieres a comprehensive review of existing studies. Looking for potential topics is one way to develop knowledge in IFL by using bibliometric studies. Novelty: This paper is to fill in the gap...

This study examines the downside risk, measured by semi-standard deviation and lower partial moment, and downside risk-adjusted return, measured by the Sortino ratio and Information ratio of Bangladeshi mutual funds. The study aims to explore the effect of macroeconomic variables such as deposit rate, broad money supply, GDP growth rate, remittance...

IT employees investment decision towards mutual funds and their factors influencing for the decision making

This study evaluates Indian mutual funds using a variety of criteria, demonstrating a historical tendency of lower monthly returns and volatility when compared to benchmark indexes. This positive risk profile implies that it will appeal to investors who want stability. Despite COVID-19-induced market volatility, mutual funds persistently outperform...

This paper demonstrates that hedge funds tend to design their activist campaigns to align with the preferences and ideologies of institutions holding large stakes in the target company. I estimate these preferences by analyzing the institutions' previous proxy voting behavior. The results reveal that activists benefit from this approach. Campaigns...

The research paper aims to examine the BSE GREENEX index, which was developed to monitor and assess the performance of environmentally conscious companies based on carbon emissions. This index, created in collaboration with IIM Ahmedabad, is a valuable tool for companies aiming to enhance their carbon performance. It facilitates the creation of eco...

Introduction: Bangalore, as a metropolitan city, hosts a diverse population, with the largest migrant community in India. Many residents work in Bangalore city to secure their livelihoods and pursue financial prosperity for an improved quality of life. The larger population prefers traditional asset categories like gold, real estate, and saving acc...

Purpose: The paper deals with the financial performance of public sector firms and mutual fund schemes using fuzzy Analytic Hierarchy Process (AHP) for PSU stocks in the BSE PSU Index and fuzzy Multi-Attribute Utility Theory (MAUT) for PSU mutual fund schemes with Assets under Management (AUM) of 1,000 crores and above. Methodology: We have used fu...

The present study trains and tests the support vector machine (SVR), eXtreme Gradient Boosting (XGBoost), and Light Gradient Boosting Machine (LightGBM) machine learning models by using the data of 684 mutual funds from January 2014 to December 2019 that have been established for more than 5 years. The mutual fund products for which the models have...

This chapter contrasts the return of Vanguard and Fidelity active stock mutual funds with the same-style portfolio of Vanguard’s index funds over the ten years through 2022. Vanguard’s equally weighted portfolio of domestic active funds generally excess-returns the Vanguard same-style index fund portfolio, as does Fidelity’s equally weighted active...

In this article, we address the challenge of identifying skilled mutual funds among a large pool of candidates, utilizing the linear factor pricing model. Assuming observable factors with a weak correlation structure for the idiosyncratic error, we propose a spatial-sign based multiple testing procedure (SS-BH). When latent factors are present, we...

Objective: Unclaimed investments in India have been a topic of interest for many individuals and organizations. The issue of unclaimed investments arises when individuals fail to claim their rightful financial assets, such as bank accounts, insurance policies, mutual funds, and other financial instruments. This could happen due to various reasons,...

In recent years, ESG mutual funds have gained popularity among investors who are not only looking for financial gains but also seeking to make a positive social impact. This study dives into whether these ESG mutual funds can deliver returns that stand up to traditional benchmarks like the Nifty 50 Index and the NSE ESG 100 Index while contributing...

Purpose The aim of this paper is to evaluate the impact of the sustainable financial disclosure regulation (SFDR) on the environmental, social and governance (ESG) performance and risk scores of sustainable funds (SFs) from a multi-regional perspective. Design/methodology/approach This research involves conducting a comparative study between self-...

The Association of Mutual Funds of India (AMFI), under the direction of the Securities and Exchange Board of India (SEBI), provided open access to various risk parameters with respect to MidCap and SmallCap funds for the first time from February 2024. Our study utilizes AMFI datasets from February 2024 to September 2024 which consisted of 14 variab...

Financial inclusion is essential for the effective channelisation of money, allowing individuals to access financial products and services that enhance their financial well-being and contribute to the economic growth of a nation. Governments worldwide are recognising the importance of financial inclusion and are taking initiatives to enhance it. In...

The pandemic has had a significant impact on the global economy, including Indonesia, which experienced a recession in 2020. However, a unique phenomenon occurs in the Islamic capital market, where Islamic stocks show stability and even experience significant increases during the recession. The study explores how the recession affects the decision...

Guaranteed Withdrawal Notes are instruments that guarantee the return of the amount invested through periodic repayments, as well as participation in the appreciation of a basket of mutual funds. This article presents a model for pricing guaranteed withdrawal notes. The model uses basket volatility calibration to reduce the underlying basket to a s...

This research focuses on how market sentiment affects corporate governance in the Chinese market. The sample covers the years from 2014 to 2023. Market sentiment is estimated using a cross-sectional absolute deviation (CSAD) model, and earnings quality is used as an indicator of the consequences of corporate governance. Both mutual fund shareholdin...

Introduction: the paper deals with the analysis of contractual forms of investment activity. The research attention is paid to various theories related to the legal nature of an investment agreement, the issues of divergence of existing definitions of an investment agreement as a legal category. Special attention is paid to the structure of the inv...

The crime of money laundering in the form of mutual fund investments is a serious crime that can threaten the stability of the financial system and economy. Perpetrators use mutual funds as a means to disguise the origin of illegal funds resulting from criminal acts, such as corruption, which are then invested as if they were legitimate funds. This...

This study aims to examine the influence of the COVID-19 pandemic on mutual fund herding in Indonesia. The research population comprises open-end mutual funds in Indonesia. By adopting the purposive sampling method, we selected the stock mutual funds registered from 2017 to 2022 as our research sample. We define the 2017-2019 period as before COVID...

The study examined the performance of Mutual Funds' investment portfolio in Nigeria. The objective was to investigate the relationship between investments in money market securities, bonds, equity security and return on assets of Mutual Funds in Nigeria. The design of the study was ex-post facto research design. Twelve (12) Mutual Funds listed in t...

The purpose of this paper is to conduct statistical tests to verify the impact of unexpected monetary policy shocks on the U.S. mutual funds returns over the period from December 2007 to February 2022. The authors have identified the “monetary surprises” of monetary policy shocks for the period under consideration using a high-frequency identificat...

This study explores the dynamics of digital investment in Indonesia within the framework of Islamic economics. The rapid advancement of technology has facilitated the growth of Sharia-compliant investments through digital platforms, making investment more accessible to the Muslim population. This research categorizes several prominent types of Shar...

It is widely accepted that quid pro quo or favoritism exists in bookbuilding IPOs where the securities underwriter has share allocation discretion, and that auctioned IPOs should be largely free from quid pro quo because the underwriter does not have share allocation discretion. Using proprietary data on IPO auctions from China and a regulatory reg...

This paper explores the Indian government’s stance and evolving regulatory landscape regarding various financial instruments, such as centralized finance (CeFi), decentralized finance (DeFi), cryptocurrencies, share market, mutual funds, gold, and fixed deposits. It examines the current frameworks and regulations, and how government policies are sh...

Focus: The study furnishes a comprehensive performance analysis of selected large-cap mutual funds in India, focusing on evaluating financial performance through various metrics. The study attempts to educate investors in making informed decisions by comparing the performance of large-cap mutual funds based on key financial indicators. Methodology:...

Activities of money market and capital market and their effects on the economy are of high importance in the world todays and play a major role in controlling the economic enterprises and the flow of the economic cycle. This means that the development of financial markets has a decisive role in the process of economic growth and financial funding....

Women are empowered to take active participation in investment activities through financial education and an inclusive investment environment. Several alternatives to investing are available, including mutual funds, real estate, precious metals, savings accounts, and stocks, which offer potential returns through regular income or capital appreciati...

This study aims to ascertain, at least in part: 1) The impact of inflation on the development of the national economy 2) The performance of sharia stocks and the expansion of the national economy 3) The impact of sukuk on the development of the national economy, as well as the impact of sharia mutual funds on the same, which are the third and fourt...

Mutual funds represent one of the fastest growing type of financial intermediary in the American economy. The question remains as to why mutual funds and in particular actively managed mutual funds have grown so fast, when their performance on average has been inferior to that of index funds. One possible explanation of why investors buy actively m...

The study investigates the investment patterns of Non-Resident Indians (NRIs) in Kerala, focusing on the Palakkad district, and examines the factors influencing their investment decisions. NRIs, founding a substantial population globally, are crucial contributors to India's economy through transmittals and investments. The study explores NRIs' moti...

Environmental, Social, and Governance, or ESG, is a crucial intangible assessing element for investorswho are socially conscious and responsible. They are taking into account a company’s contributions tothe environment, society, and law compliance in addition to traditional financial considerations including returns, risk, cash flow, and profitabil...

The substantial impact of information technology on investment decision-making is explored in this study, and strong empirical support is provided through a significant regression model. Understanding the extent to which technology influences investment choices is of utmost relevance in a time of fast technological advancement. The research makes u...

The Association of Mutual Funds of India (AMFI) under the direction of the Securities and Exchange Board of India (SEBI) provided open access to various risk parameters with respect to MidCap and SmallCap funds on its website in February, 2024. This disclosure of month wise cross-sectional data depicting stress-test and liquidity analysis was haile...

Mutual funds aim to generate returns above market averages. While predicting their future portfolio allocations can bring economic advantages, the task remains challenging and largely unexplored. To fill that gap, this work frames mutual fund portfolio prediction as a Next Novel Basket Recommendation (NNBR) task, focusing on predicting novel items...

Business trusts have been commonly used in the United States as an organizational form for over 100 years.1 Historically, entrepreneurs used business trusts, which evolved from private donative trusts, to escape regulatory and tax requirements imposed on corporations.2 Today, business trusts are narrowly used in specialized niches, such as structur...

We examine how socially responsible investment (SRI) mutual funds emphasizing employee relations are associated with the performance of their portfolio firms, measured by return on assets (ROA). We highlight the important role of mutual-fund shareholders emphasizing employee relations by showing that firms’ ROA improves when their shares are owned...

The financial market in India is growing rapidly and is anticipated to emerge as in very few top of the leaders within the international arena very soon. This boom in financial markets is stimulating the expansion of the Indian share market encouraging the investors to take a position within the share market. A new generation of investors has taken...

This aims at discovering and analyzing risk in the emerging security in the stock market i.e. Gold ETFs. This paper will give focus on Gold ETFs as a strong and attractive investment option for investor. Analysis is made by using performance evaluation techniques like Treynor's performance index, Sharpe's performance index and Jensen's performance...

This study aimed to understand the attitude of investors towards Gold ETFs in Coimbatore district, India. The objectives were to study the demographic and socioeconomic status of the households' investors, assess their investment practices, identify the primary factors that influence investors to invest in Gold Traded Funds, measure the level of sa...

The phrase "green finance" has gained popularity in recent years. Business Week reported in 2007 that sustainable mutual fund investment had increased fifteen folds. Energy efficiency is becoming increasingly important in investment decisions. Throughout the 1980s and 1990s, investments were primarily focused on commercially viable ventures. Howeve...

The Islamic capital market in Indonesia has experienced significant growth in recent years, mainly due to the support from the government and Islamic financial institutions. Increased awareness of the importance of investments in accordance with Islamic principles is one of the main drivers of this growth. In addition, the existence of various inve...

Bayesian estimation does provide a flexible framework for updating beliefs about the parameters of a model as new data becomes available. Unlike frequent approaches, which depend on fixed–point estimates, the Bayesian approach provides a probabilistic interpretation of uncertainty, enabling more robust inferences, especially in situations with l...

We apply machine learning models to a universe of 20,185 finance articles published between 1976 and 2015 on 17 finance journals, and objectively identify 38 research topics. The financial crisis, hedge/mutual fund, social network, and culture were the fastest growing topics, while market microstructure, initial public offering, and option pricing...

Based on the typical positions of S&P 500 option market makers, we derive a funding illiquidity measure from quoted prices of S&P 500 derivatives. Our measure significantly affects the returns of leveraged managed portfolios; hedge funds with negative exposure to changes in funding illiquidity earn high returns in normal times and low returns in cr...

This paper presents an overview of the South African domiciled mutual fund industry and studies mutual fund performance using a survivorship bias-free sample of 2,843 share class of funds. 4-factor asset-pricing model is used to measure performance, and an additional two factors from the recent framework have been considered [1,2]. This study is ab...

Exchange-traded funds (ETFs) are mutual funds that invest in a diversified portfolio of many financial assets. They are listed on stock exchanges and traded as financial instruments. As some ETFs are exchangeable with all the underlying assets held by the ETFs, when the ETF’s price and the total value of the underlying assets held by the ETF differ...

We apply the nonparametric methodology of Jiang (Journal of Empirical Finance 10:399–425, 2003) to examine whether bond mutual funds can time the bond market by adjusting their portfolios' market exposure based on anticipated market movement. This approach offers several advantages over the widely used regression-based tests such as Treynor and Maz...

This work sheds light on the complex interplay between mutual fund performance, using human capital, and GDP growth as mediating variables in Pakistan through the lens of Structural Equation Modeling. By employing this sophisticated analytical approach, the findings uncovered nuanced nexus that traditional methods might have overlooked. The finding...

At present Indian financial markets are working more efficient and significant to control inflation, mutual funds as a part of financial markets become popularized among investors because of their convenient nature and they also facilitate easy operations with better gains. Most of the investors in India investing in equity markets rather than mutu...

The mutual fund industry in India started in 1963 with the formation of Unit Trust of India, at the initiative of the Government of India and Reserve Bank of India. The Indian mutual fund industry has shown relatively slow growth. A mutual fund, also called an investment company, is an investment vehicle which pools the money of many investors. The...

This study examines the significant expansion of Assets Under Management (AUM) in the Indian mutual fund industry, which grew from ₹10.11 trillion in 2014 to ₹58.91 trillion by May 2024. It explores factors driving this growth, including investor preferences, regulatory changes, and market conditions. The research specifically investigates strategi...

The paper investigates the mutual fund ecosystem in Uttarakhand, India, focusing on investor behavior, preferences, and the constraints and opportunities within the region. By evaluating data from a sample of 516 respondents, the study intends to give insights for industry stakeholders to increase mutual fund penetration and financial inclusion in...

Mutual fund sectors in India are growing due to risk aversion attitude of investors and dynamism in market. Investors' preference on investment in mutual fund sectors and schemes, as a single study, is an unexplored area. The aim of study is to examine the impact of demographic factors on sectors and schemes of mutual fund with special focus on the...

The purpose of investment is to gain profitable returns by investing money. A variety of investment avenues are available to individuals fixed deposit, insurance policies, government securities, corporate bonds, Shares and mutual fund, real estates, commodities, chit funds, post office schemes, investment in gold and silver. Various factors influen...

Mutual funds regularly issue factsheets to communicate their performance in a short summary form. I investigate whether the release of factsheets in Morningstar plays a role in the trading behavior of retail investors. I find that retail investors react more to performance measures in factsheets when these are disseminated through Morningstar, and...

Investing in equity and mutual funds can play a significant role in estate planning, helping individuals grow their wealth while ensuring that their financial legacy is effectively managed and passed on to heirs. Understanding how these investment vehicles function within an estate plan can lead to more strategic decision-making and better outcomes...

Investing in women's financial literacy is not just an ethical imperative, but a strategic investment in a more sustainable future. This paper explores the crucial link between financial literacy and women's empowerment, emphasising its impact on individual well-being, economic growth, and societal progress. Women empowerment goes beyond simply hav...

Purpose This study introduces a new type of platform recommendation about mutual funds and draws on the signaling theory to conduct a quasi-experimental design to investigate how the platform recommendation influences investors’ investment decisions. Moreover, the authors examine the combined effect of star ratings and the platform recommendation o...

Financial inclusion can be defined as a process of providing financial services to the poor and destitute sections of the society, whose income is low. The main objective of financial inclusion is to remove all the blockades that prevent people from getting financial assistance and provide financial services without any discrimination like banking...

Background: Mutual funds, known for aggregating funds from a diverse investor base, play a crucial role in managing small funds smartly. This study evaluates the performance of selected closed-ended mutual funds and examines market efficiency in Nepal. Methods: Using a descriptive and casual-comparative research design, the study spans forty-eight...

Background: Mutual funds, known for aggregating funds from a diverse investor base, play a crucial role in managing small funds smartly. This study evaluates the performance of selected closed-ended mutual funds and examines market efficiency in Nepal. Methods: Using a descriptive and casual-comparative research design, the study spans forty-eight...

Financial inclusion can be defined as a process of providing financial services to the poor and destitute sections of the society, whose income is low. The main objective of financial inclusion is to remove all the blockades that prevent people from getting financial assistance and provide financial services without any discrimination like banking...

Investing in mutual funds involves delegating financial decisions to an investment manager, and technological advances have made investments accessible on mobile platforms, providing various convenient features. This research empirically investigates whether individuals' behavior to invest in mutual funds on mobile platforms is still influenced by...

The present empirical study explores the general perception of mutual funds in the Madhesh Province. A Mutual Fund is an aggregate fund comprising various investments such as stocks, bonds, and similar assets. It serves as a pool of funds primarily composed of several small domestic investors. The collected funds, also known as Basket Funds, are th...

Shifts in gold and coal prices have a crucial impact on the macro economy, especially investment growth. On a financial scale, there is still little discussion of the relationship between gold and coal prices and stock mutual funds. Also, the role of exchange rates and interest rates in moderating this relationship has not been examined. This resea...

PT Bareksa is a pioneer of integrated financial and investment marketplace services in Indonesia. Since obtaining an official license from the Financial Services Authority (OJK) in 2016, Bareksa has become a Mutual Fund Selling Agent offering mutual fund products from various trusted investment managers. With a significant market share, Bareksa is...

This paper examined the relationship between herding behaviour and individual investor decision-making at the Nairobi Securities Exchange. In addition, the study assessed the moderating effect of market information on the relationship between herding behaviour and individual investor decision-making at the Nairobi Securities Exchange. The study was...

The financial instability from unfunded liabilities threatens the long-term viability of Medicare, Medicaid, and Social Security, demanding urgent reforms. An alternative to Social Security’s tax-spend-borrow model is proposed: Mutual Funds managed independently of the Social Security Administration. Analysis shows that investing 15% of income in m...

Islamic Personal Wealth Management is a holistic financial approach that aligns with the ethical and religious principles of Islam, ensuring that wealth is managed responsibly for the benefit of both this life and the hereafter. This study explores the comprehensive stages of wealth management from creation, accumulation, protection, and purificati...

This study comprehensively evaluates the performance of ten selected large-cap mutual funds in India. Large-cap funds are known for investing in well-established, high-market-capitalization companies, offering investors a balance of risk and stability. This research aims to analyze these funds' absolute and risk-adjusted returns, compare them again...

Purpose – This study investigates how the Sharia stock price index influences the relationship between various factors, such as the expense ratio, portfolio turnover ratio, cash ratio, age, size, and characteristics of Sharia mutual funds, and their overall performance. Methodology – This study employed a quantitative descriptive research method to...

Management of liquidity is one of the banks’ most important duties for which they require some instruments. In recent years, interbank market has managed to perform effective roles in supply of banks’ financial resources and management of liquidity. As a regulatory body, the central bank bears all issues related thereto and is able to play efficien...

This paper examines greenwashing practices in environmental funds. We utilize a unique data set of US equity mutual fund holdings between 2012 and 2021 to calculate the funds’ carbon footprints. Using a difference-in-differences analysis, we find that, following their commitments to sustainability, environmental funds fail to reduce their carbon fo...

Fund managers often tout that the performance of the funds they manage is due to their wisdom and management skills. The success in convincing the investors to this notion enables them to claim a higher salary and perks for themselves and charge a hefty or premium fee from the investors for the company they work for. However, changes in government...

This study is to enhance service quality and business growth by analysing investors' attitudes, habits, and knowledge regarding mutual fund investments, as well as the elements that influence their decisions and opinions on brokerage services. Non-probability convenience sampling was used to gather complete data on investor feelings and preferences...

Abstract The United Nations Principles for Responsible Investment works to promote the incorporation of environmental, social, and corporate governance factors into investment decision-making. ESG (Environmental, Social, and Governance) mutual funds have gained prominence globally, including in India, due to an increased emphasis on sustainable and...

In many financial markets across the globe, full historical position disclosure is not required of mutual funds, or it is subject to prolonged delays, often due to regulatory restrictions. This makes measuring fund manager performance based upon the stock-picking and market-timing skills from past literatures impossible. This study introduces a new...