Volume 20, Issue 1, January 2016, Pages 1–18
Huma Ansari1 and Faiza Maqbool Shah2
1 Business Administration, P.O.Box:74600, Jinnah University for Women, Karachi, Sindh, Pakistan
2 Business Administration, P.O.Box:74600, Jinnah University for Women, Karachi, Sindh, Pakistan
Original language: English
Copyright © 2016 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The current study has been commenced to interrogate the link between fund size and equity mutual fund performance in Pakistan, which was rarely discussed in Pakistan. Although, numerous different studies depict the performance of equity mutual funds in Pakistan, which helps the investor in making better investment decisions, but still this area of research is somewhat untapped and a room for the improvement still available. The study focuses to find out the relationship between fund size and mutual fund by taking 12 equity mutual funds of Pakistan as a sample size and further characterized them according to their holding assets (Small size, Medium size and Large size) and collected the net asset value of the last trading/transaction day of each quarter for the tenure of 5 years (2010-2014). The techniques used for the evaluation is regression and correlation. The results of the study demonstrate by using the statistics of 12 equity mutual fund company's average net asset value and standard deviation for 5 years (2010-2014) and the utilization of limited duration and limited variables as a performance measure predicts the limitation of the basic study and reported that the fund sizes (small size, medium size and large size) directly and positively impact over the performance of equity mutual funds in Pakistan.
Author Keywords: Net Asset Value, Standard Deviation, Equity mutual fund, Small, Medium, and large size funds.
Huma Ansari1 and Faiza Maqbool Shah2
1 Business Administration, P.O.Box:74600, Jinnah University for Women, Karachi, Sindh, Pakistan
2 Business Administration, P.O.Box:74600, Jinnah University for Women, Karachi, Sindh, Pakistan
Original language: English
Copyright © 2016 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
The current study has been commenced to interrogate the link between fund size and equity mutual fund performance in Pakistan, which was rarely discussed in Pakistan. Although, numerous different studies depict the performance of equity mutual funds in Pakistan, which helps the investor in making better investment decisions, but still this area of research is somewhat untapped and a room for the improvement still available. The study focuses to find out the relationship between fund size and mutual fund by taking 12 equity mutual funds of Pakistan as a sample size and further characterized them according to their holding assets (Small size, Medium size and Large size) and collected the net asset value of the last trading/transaction day of each quarter for the tenure of 5 years (2010-2014). The techniques used for the evaluation is regression and correlation. The results of the study demonstrate by using the statistics of 12 equity mutual fund company's average net asset value and standard deviation for 5 years (2010-2014) and the utilization of limited duration and limited variables as a performance measure predicts the limitation of the basic study and reported that the fund sizes (small size, medium size and large size) directly and positively impact over the performance of equity mutual funds in Pakistan.
Author Keywords: Net Asset Value, Standard Deviation, Equity mutual fund, Small, Medium, and large size funds.
How to Cite this Article
Huma Ansari and Faiza Maqbool Shah, “The effect of fund size on equity mutual fund performance in Pakistan,” International Journal of Innovation and Scientific Research, vol. 20, no. 1, pp. 1–18, January 2016.
