A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Kumar, Ashwini
- Construction of Appropriate Benchmark Index for Mutual Funds: Specific Reference to Tax Saver Funds
Authors
1 Assistant Professor & HOD, Acharya Institute of Technology
2 Professor & HOD, Nitte Meenakshi Institute of Technology
Source
International Journal of Financial Management, Vol 2, No 1 (2012), Pagination: 74-90Abstract
Evaluating the performance of mutual funds in the light of increased competition has become more significant in the capital market. Proper identification of investment style and performance measurement of mutual funds have been analysed to facilitate the investment decisions of investors. The performance of mutual funds are analysed by considering various risk-related characteristics and also evaluated against the performance of a benchmark index that typically represent the investment style of the mutual funds. If the fund performance is evaluated against an inappropriate benchmark index then the augmentation derived from the analysis may not be appropriate. Hence, the prominent objective is to determine the appropriate Benchmark Index that consists of appropriate asset classes of securities pave the way for precise estimation. The study considers Tax Planning (Equity Linked Savings Scheme-ELSS) funds and selected indices of National Stock Exchange and Bombay Stock Exchange. The methodology focuses on estimating the risk adjusted abnormal return generated by the fund that exhibits the predictive ability (Jensen's Alpha) of the fund manager through Capital Asset Pricing Model (CAPM) and estimating the Tracking Error Volatility (TEV) of excess daily returns between fund and benchmark. The study revealed that broad based indices that consist of Large cap, Mid cap, and Small cap asset classes would be a appropriate benchmark for evaluating the performance of ELSS funds.Keywords
CAPM, ELSS, Fund performance, Jensen’s Alpha, TEV
References
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- Dor Arik Ben, Budinger Vernon, Dynkin Lev, and Leech Kenneth (2008), “Constructing Peer Benchmarks for Mutual funds: A style analysis based approach”, Journal of Portfolio Management, Vol.34 (2), pp: 65-77.
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- Kumar N Venkatesh and Kumar B J Ashwini (2011), “Do Stock Market Drive the Performance of Mutual Funds: An Empirical Analysis with Specific Reference to Tax Saver Funds”, Global Journal of Finance and Management, Vol.3 (2), pp: 181-191.
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- Numerical Investigations of Electro-Thermal Convection in Dielectric Nanofluid Layer
Authors
1 Department of Mathematics and Statistics, Himachal Pradesh University, Shimla-5, IN
2 SDWG Govt. College Beetan, Distt. Una (H.P), IN
3 Govt. College Beetan, Distt. Una (H.P), IN
Source
Research Journal of Science and Technology, Vol 9, No 1 (2017), Pagination: 184-188Abstract
The numerical investigations of a dielectric nanofluid under the simultaneous action of an Alternating Current electric field and a uniform adverse temperature gradient has been studied using the linear theory and normal mode analysis. The eigen-value problem is solved analytically and numerically using the Galerkin technique. Effect of various non-dimensional parameters on thermal Rayleigh number Ra for the stationary convection has been determined. The boundaries are considered to be stress-free. Thermal Rayleigh number has been computed for various values of electric Rayleigh number for the onset of instability using the software-MATHEMATICA Version 5.2. Numerical results are presented graphically. The thermal Rayleigh number decreases linearly as the concentration Rayleigh number Rn increases. Moreover for stability motion, the value of thermal Rayleigh number Ra occurs only for negative values of Rea and it is positive. The value of critical thermal Rayleigh number Ra decreases with decreasing the value of Rea. It is observed that the role of electric field is not of much sinificance the convection in the fluid layer in case of stability motions. In case of stability, the thermal Rayleigh number is independent of Prandtl number and hence Prandtl number has no role to play.- Anemia among Pregnant Women and its Socio-Demographic and Reproductive Correlates:A Community Based Study
Authors
1 Dept. of Obstetrics and Gynaecology, Melaka Manipal Medical College, IN
2 Department of Community Medicine, Kasturba Medical College, Manipal Academy of Higher Education, Manipal, Karnataka, IN
3 Department of Community Medicine, S.S Institute of Medical Sciences & Research Centre, Davangere, IN
Source
Indian Journal of Public Health Research & Development, Vol 10, No 12 (2019), Pagination: 41-46Abstract
Background: The health consequences of anemia during pregnancy are well documented. The prevalence of anemia among antenatal women is still very high in India and it varies from region to region. Therefore a study was undertaken to assess the relationship between anemia and the contributory socio-demographic and reproductive factors.
Objectives: To study the prevalence of anemia and its contributory socio-demographic and reproductive factors among pregnant women
Method: A cross sectional study was conducted among 400 pregnant women above 18 years and beyond 12 weeks of amenorrhea in the field practice area of a private medical college for a period of one year. Hemoglobin was estimated by strip method using “Color scale test kit”. A predesigned and pretested questionnaire was used to interview the women regarding their socio-demographic and reproductive details. Data was analysed using SPSS ver. 18
Results: Among the 400 pregnant women, 264 (66%) were anemic out of which 32%, 30% and 4% were mildly, moderately and severely anemic. Anemia decreased with age and literacy level. The odds of anemia was 1.69 times more in Muslims as compared to Hindus. Anemia was not associated with any of the reproductive correlates.
Conclusion: Overall prevalence of anemia was high among the women. This calls for an urgent need of imparting health education about anemia. Also all pregnant women should not only be registered as their pregnancy is confirmed but also ensured adequate intake of iron and folic acid supplementation during pregnancy and postnatal period.