IIARD International Institute of Academic Research and Development

WORLD JOURNAL OF FINANCE AND INVESTMENT RESEARCH (WJFIR )

E-ISSN 2550-7125
P-ISSN 2682-5902
VOL. 8 NO. 2 2024
DOI: https://doi.org/10.56201/wjfir.v8.no2.2024.pg66.80

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Performance of Pension Fund of Selected Asset Management Companies in India: A Critical Analysis

Samikshya Mishra, A.K. Das Mohapatra

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Abstract

Massive investments through savings in pension funds including other types of deposits in banks, insurance leads to growth the sizable growth of the capital market. The financial strength visualises the growth and development of financial industries, insurance, banks etc. The pension funds, one of the primary segments in the financial growth not only add economic power but also facilitate the pensioners to yield a good revenue. The study accesses and compares the performance of the pension fund of three pension funds taking into account the secondary data from 2016 to 2021. The risk-free rate was converted into a monthly risk-free rate of return. Average return, standard deviation, beta, and three performance analysis measures viz Treynor ratio, Sharpe ratio, and Jensen alpha has been calculated for the selected mutual fund schemes. The study concludes that TATA Mutual Fund's performance was better than other mutual fund companies.

Pension funds; Treynor ratio; Sharpe ratio; and Jensen alpha

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References:

Ahmad, W., Roomi, M.S., & Ramzan, M. (2015). A Comparative Study on Performance of
Open and Close-ended Mutual Funds in Pakistan. International Journal of Accounting and
Financial Reporting, 5(1), 300-314. Retrieved from http://www. academic journals.
org/article/article 1380555764 _Nafees%20et%20al.pdf.
Bahil, S., & Rani, M. (2012). A comparative analysis of mutual fund schemes in India.
International Journal of Marketing, Financial Services and Management
Research,
1(7), 67-79. Retrieved from http:// Indian research journals. com/pdf/ IJMFSMR/
2012/July/6.pdf.

Dopiera?a, ?ukasz, and Magdalena Mosionek-Schweda. 2021. Pension Fund Management,
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https://doi.org/10.3390/risks9010006

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