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Home > Archives > Volume 20, No 5 (2022) > Article

DOI: 10.14704/nq.2022.20.5.NQ22225

Macroeconomic Performance Analysis of Selected Indian Mutual Funds

T. Kusuma, Dr.J.P. Senthil Kumar

Abstract

Investors in India have various investment options from mutual funds to make a profit. Among other financial instruments, investing in mutual funds ensures that investors are exposed to the least risk and receive the highest possible return. As more focus is placed on increasing domestic savings and improving investment diversification, mutual fund operations' demand for and scope has grown. As a result, it became critical to research the mutual fund industry and its performance. The purpose of this study is to assess the performance of a few selected Indian mutual fund schemes based on their daily net asset value (NAV) over ten years from 2012 to 2021. The study will use a sample of ten open-ended, growth-oriented equity funds. Regression and correlation analysis were used to find the funds' performance of macro economic factors, and the results will help investors make smarter investment decisions. This study concludes that inflation, interest rates, GDP, and Net Asset Value of Equity mutual funds all have a 0.8 percent impact on fund's performance based on the determination coefficient.

Keywords

Mutual fund, Inflation rate, Interest rate, GDP, Sharpe Ratio

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