Mutual Fund Evaluation Framework: The Investment Dilemma
商品編號：W49075
出版日期：2026/05/25
再版日期：
商品來源：
商品主題：Finance
商品類型：
涵蓋議題：Mutual Fund;Performance evaluation measures;Information ratio;Sortino ratio;Sharpe Ratio
難易度：4 - Undergraduate/MBA
內容長度：8 頁
地域：India
產業：Finance and Insurance
事件年度：2024
In April 2024, an Indian retail investor was pondering over his investment portfolio, which consisted mainly of traditional fixed income instruments and cash equivalents. The investor wanted to diversify some of his incremental surplus cash toward equity mutual funds, hoping to achieve higher risk-adjusted returns. Based on his risk appetite level and investment goals, he selected five open-ended small cap mutual funds: HDFC Small Cap Fund, Quant Small Cap Fund, Tata Small Cap Fund, SBI Small Cap Fund, and Nippon India Small Cap Fund. However, before investing in any mutual funds, the investor wanted to quantitatively evaluate their historical risk-adjusted performance. To do so, he used various well-known performance evaluation measures including the Sharpe ratio, Treynor ratio, M-square measure, Jensen’s alpha, Information ratio, and Sortino ratio. The investor wondered how the various mutual funds he had selected would perform. He compiled available data for the previous five years and made some financial calculations. He then evaluated the results of his financial exercise to determine the right investment decision.
教學手冊：Mutual Fund Evaluation Framework: The Investment Dilemma – Teaching Note
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