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