AN ANALYTICAL STUDY OF PERFORMANCE OF SELECTED HDFC MUTUAL FUNDS OF INDIA

Abstract

Mutual funds are key contributors to the globalization of financial markets and one of the main sources of capital flows to emerging economies. Despite their importance in emerging markets, little is known about their investment allocation and strategies. This article provides an overview of mutual fund activity in emerging markets. It describes about their size and their asset allocation. All fund managers are not successful in the formation of the portfolio and so the study also focuses on the empirically testing on the basis of fund manager performance and analysing data at the fund-manager and fund-investor levels. This study is based on to analyses the performance of equity mutual funds of India, to see pattern of performance of HDFC Mutual fund schemes against stock market benchmark and which set of group of equity performing better than others. This study helpful to the investors, researchers and portfolio managements.