期刊名称：Annals of Dunărea de Jos University. Fascicle I : Economics and Applied Informatics
印刷版ISSN：1584-0409
出版年度：2018
期号：3
页码：1-10
出版社：Dunarea de Jos University of Galati
摘要：Large cap equity funds are very popular amongst the retail investors because they offer
stability and sustainable returns, over a period of time. This study investigates relationship
between Indian stock market index and large cap mutual funds of growth category over the
period of ten years. This study has been carried out to confirm the strength positive
relationship dynamics of the mutual funds and what is the range of actual contribution of
index in the returns of mutual funds. To understand as to what extend effect can be visible;
various tests have been carried out across 5 open-ended Equity large cap funds. After series
of tests were conducted like arithmetic mean, correlation, standard deviation, causality test,
co-integration analysis and vector auto regression (VAR), which concluded that unrelated
to any other factors, index returns have strong positive relationship with mutual funds
returns in India and contribute significantly in majority of large cap equity mutual funds
returns.
关键词：Vector Auto Regression (VAR);
Causality test; Cointegration;
Large;Cap Equity Funds;Openended;
Stock Market Index
