BA6008-MUTUAL FUND ANALYSIS |
INTRODUCTION |
The Concept of Mutual Fund – Origin of Mutual Funds – Size of the Industry – Growth Trends –
Role of Mutual Funds in Financial Market – Structure of Mutual Funds – Mutual Fund Expense –
Entry Load, Exit Load – New Fund Offer – Net Asset Value, (NAV): Definition and Estimation
Cum Dividend NAV and Ex Dividend NAV Dividend Distribution and Its Effects on NAV
Reinvestment of Dividends Investment and Withdrawal Plans: Lumpsum and Systematic. |
TYPES OF MUTUAL FUND |
Types of Funds – Open End Funds, Close End Funds, Equity Funds – Debt Funds – Money Market
Funds – Sectoral Funds – Theme Funds – Exchange Traded Funds – Commodity Funds – Fund of
Funds. |
RETURN AND RISK |
Return and Risk – Type of Returns From Mutual Fund – Measurement of Return – Benchmark –
Systematic Risk – Unsystematic Risk – Measurement of Risk – Standard Deviation – Volatility
Confidence Intervals – Exponential Moving Average of Risk – Tracking Error.
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EVALUATION |
Performance Evaluation – Sharpe – Treynor – Jenson Index – Sortino Ratio – Famas Decomposition
of Risk – Blacks Appraisal Ratio – Holding Period Analysis – Investor Selection of Mutual Fund.
Comparative Study of Mutual Fund Performance based on Net Wealth Basis.
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MUTUAL FUNDS: REGULATIONS AND GOVERNANCE |
SEBI and Mutual Funds – Qualifications and Obligations of AMC – How Mutual Funds are set up –
Sponsor – Trusteeship – Rights and Responsibilities (or Obligations) of Registrar (or Transfer
Agents), Trustee and Custodians – Marketing and Distribution Participants. |
Text Books |
1. Mark Mobius, Mutual Funds an Introduction to Core Concepts, John Wiley & Sons, 2007.
2. John Haslem, Mutual Funds Risk and Performance Analysis for Decision Making,
Blackwell, 2003. |
Reference Books |
1. Samir Barua et al , Portfolio Management , Tata McGraw Hill,1992
2. Punithavathy Pandian, Security Analysis and Portfolio Management, Vikas Publishing House
2006.
3. Sadhak H, Mutual Funds in India, Marketing strategies, Sage Publications, 2003
4. Sundar, Sankaran, Indian Mutual Funds. Hand Book Vision Books, 2007.
5. Sharpe, Investments, Prentice Hall India, 2002. |