Abstract
Mutual Fund is a credible investment opportunity for small
investors who lack information, skills, or knowledge of investing in
capital market. The study was aimed to know the effects of factors
affecting the performance of Mutual Fund in Pakistan. The study
investigated performance of 44 open ended Mutual Funds operating in
Pakistan for the period from 2010 to 2014.The annual penal data was
collected from mutual fund annual reports and Mutual Fund Association
of Pakistan. Fixed effect - Random effect OLS was used for the data
analysis of this research. The study found that the factors such as fund
size, expense ratio, free management and asset turnover have positive
impact on fund return have greater impact on fund return. And, factors
like liquidity and load fee are showing negative and insignificant impact
on fund return. The research advises Fund managers to maintain a
balanced amongst the factors so as to ensure maximization of its return,
benefiting both; Mutual Fund managers and investors.
Alam Rehman, Dr. Qadar Bakhsh Baloch. (2016) Factors Affecting Mutual Fund Performance In Pakistan: Evidence From Open Ended Mutual Funds, Abasyn Journal of Social Sciences, Volume-09, Issue-1.
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