Purpose – Memorandum of Understanding (MoU) has been conceived as an instrument to quantify/assess social and commercial obligations/performance of central public sector enterprises (PSEs) in India. The purpose of this paper is to measure the financial performance of the MoU PSEs and to...

Financial performance of equity mutual funds depends upon the aggregate performance of individual stocks held in the mutual fund portfolio. Rate of return and risk‐adjusted returns are widely used parameters of fund performance. These measures of financial performance, inter‐alia, depend...