Title: Efficiency analysis of selected bank-sponsored mutual fund schemes in India

Authors: Rajib Deb; Soma Panja

Addresses: Department of Management Studies, NIT Silchar, Cachar, Assam-788010, India ' Department of Management Studies, NIT Silchar, Cachar, Assam-788010, India

Abstract: There has been growing literature related to performance analysis of the mutual fund (MF) industry concentrating on the non-parametric approach. Because of the practical and academic importance of mutual funds, it is becoming a vital area of research in finance. The present study seeks to gauge the efficiency of 40 equity mutual fund schemes that belong to seven asset management companies categorised as bank-sponsored under AMFI in India. The study uses data envelopment analysis technique as the prime tool for knowing the efficiency of selected schemes. The study discovers only seven schemes as efficient out of total sampled schemes and in which Canara Robeco Asset Management Co. Ltd offers the maximum number of efficient schemes as compared to others. The present study will offer direction for future research and will also provide individual investors with a guideline for selecting funds.

Keywords: bank-sponsored mutual funds; data envelopment analysis; performance efficiency.

DOI: 10.1504/IJOR.2023.129159

International Journal of Operational Research, 2023 Vol.46 No.2, pp.271 - 288

Received: 18 Jan 2020
Accepted: 15 Jun 2020
Published online: 24 Feb 2023 *

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