IDEAS home Printed from https://ideas.repec.org/a/ids/ijmpra/v9y2016i3p282-301.html
   My bibliography  Save this article

Mutual fund ownership and sponsor background: effect on performance and risk strategy

Author

Listed:
  • Inderjit Kaur
  • K.P. Kaushik

Abstract

The study aims to analyse whether performance of mutual fund could be attributed to differential in information access and organisation culture which we propose could exist due to ownership pattern and background of sponsor. By utilising the data on Indian equity mutual funds with growth objective for the period 2005-2013, we have compared performance and risk strategy of mutual funds having different ownership and sponsor background by applying portfolio approach and regression method. The results provided that performance and risk strategy have been significantly different among mutual funds with different type of ownership and sponsor background. In particular foreign-owned mutual funds performed significantly better than domestic mutual funds. The foreign mutual funds have not been mere naive traders in Indian stock market. The findings do not support information bias theory in the context of Indian stock market and better performance of foreign funds could be due to cultural differences based on ownership and sponsor background.

Suggested Citation

  • Inderjit Kaur & K.P. Kaushik, 2016. "Mutual fund ownership and sponsor background: effect on performance and risk strategy," International Journal of Management Practice, Inderscience Enterprises Ltd, vol. 9(3), pages 282-301.
    • Handle: RePEc:ids:ijmpra:v:9:y:2016:i:3:p:282-301
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=77828
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmpra:v:9:y:2016:i:3:p:282-301. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=91 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.