Abstract
The study was conducted by evaluating the performance of Pakistan
mutual funds. Mutual fund is an enterprise that puts resources into a
differentiated arrangement of securities. Individuals who pay for
shares of a mutual fund are its proprietors or shareholders. Out of
the total 119 mutual funds, 89 mutual funds were selected for the
sample of the study. The data were collected from financial
statement of the Mutual Funds, Mutual Funds Association of
Pakistan and State Bank of Pakistan from 1962 to 2015. The results
found that in Rm-Rf money market, income, equity, assets allocation,
balanced and sharia of the open ended Mutual Funds was significant
and closed ended was insignificant. In small minus big (SMB)
balanced fund was significant. In high minus low income and equity
fund were significant and in momentum money market, equity, assets
allocation and sharia funds were significant.
Naveed, Umar Farooq. (2019) Performance Evaluation of Pakistani Mutual Funds: Through Carhart Four-Factor Model, The Dialogue, Volume 14, Issue 1.
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