Abstract: This paper is intended to interpret the relationship between mutual fund returns to their respective benchmark returns. For this purpose, top performing nine Indian equity mutual funds have been considered and data was collected for the duration of 10 years from 2008 to 2017. Simple linear Regression is used to understand the performance of mutual funds against their benchmark. There is sizable deviation of the mutual fund performance against their benchmark, especially in mid-cap segment.
Keywords: Mutual funds, benchmarks, deviation from benchmark, returns, regression, time series.
Title: SEBI Asks Mutual Funds To Rename Their Schemes; Do Mutual Funds Follow Their Benchmarks?
Author: Melissa Pereira, Dr. Abhishek Sachan
International Journal of Interdisciplinary Research and Innovations
ISSN 2348-1218 (print), ISSN 2348-1226 (online)
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