An Empirical Study of Fund Managers Investment Styles and Performance Persistence of Mutual Funds in India

Abstract

Investment in general sense is simply putting the savings of an individual which is the newlineresult of excess of income over expenditure, to generate returns which can be positive newline(Profit) or negative (Loss). In Indian scenario, livestock, land and precious metals are newlinesome of the traditional modes of investment. However, during 19 th century revolution newlinein Indian banking system has put forward many other investment options like fixed newlinedeposits, Government bonds, PPF to name a few. Gradually with the development of newlinecapital markets in the country, stock market investment emerges as one of the good newlineinvestment option for generating higher returns, however, as per famous proverb newline Roses are always with thorns so, the rose of stock market investment (higher returns) newlineare always have thorns (greater risk) attached to them. newline