Performance Evaluation Of Closed End Mutual Funds In Nepal: A Comparative Study Of GIMES1, NEF, LEMF And CMF1

Abstract

The current paper evaluates the performance of four closed end mutual funds in Nepal during the period 2017 to 2019. The evaluation is based upon NAV, expenses ratio, portfolio turnover ratio, Jensen measure, Treynor ratio and Sharpe ratio. The purpose of this study is to provide guideline to mutual fund manager and benefits to small investor by suggesting the significant variables. This study uses return as dependent variable and assets, expenses and turnover as independent variable. This study has reviewed many articles regarding the mutual funds but most of the articles were of foreign countries because mutual fund is just in developing stage in the Nepal so, only few articles were available regarding the Nepalese mutual funds This study employed various tools and techniques like expense ratio, portfolio turnover ratio, Jensen measure, Treynor ratio and Sharpe ratio for evaluating the performance of the mutual funds.. The result indicates that among various fund other elements should also be considered for making investment decision not only the performance evaluating tools and techniques.