Journal of Contemporary Issues in Business and Government


Print ISSN: 2204-1990

Online ISSN: 1323-6903

Volume27, Issue3

Variables Impacting Mutual Fund Expense Ratio: The Indian Midcap Mutual Fund Experience

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 3, Pages 2186-2192
10.47750/cibg.2021.27.03.270

Abstract

With an increase in the number of fund houses entering the asset management business, the Indian Mutual Fund Industry has turned into a competitive marketplace. An increase in the number of schemes translates to increased choice (and confusion) for investors, while for fund managers, it means more pressure to beat the benchmark indices. Correlation research method is used on scheme variables such as Assets Under Management (AUM), Expense Ratio, and the Monthly Returns of select Indian Midcap Schemes for the period January 2016 to 2021 to determine the statistical relationships between the variables. Three schemes from amongst the midcap schemes, after putting them into clusters, are picked for this study. Findings from this research can help fund managers, and Asset Management Companies (AMCs) better manage their schemes by tweaking expenses and further maximizing investor returns.
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Main Subjects:

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