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

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.

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