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...

This study examines the extent to which fund characteristics contributes to explaining fund returns differentiated by managers´ stock picking and market timing abilities. The findings show that funds characterized by high exposures to broad market movements have good timing returns but show...

Purpose The purpose of this paper is to evaluate the performance of 191 equity unit trusts in an emerging market, South Africa over the period from February 2006 to January 2016, which captures different market conditions (pre-global financial crisis, crisis and recovery periods). Besides...