The overall analysis finds Franklin Templeton and UTI being the best performers and Birla SunLife, HDFC and LIC mutual funds showing poor below-average performance when measured against the risk-return relationship models. The analysis has been made on the basis of mean return, beta risk, coefficient of determination, Sharpe ratio, Treynor ratio and Jensen Alpha. A total of 23 schemes offered by six private sector mutual funds and three public sector mutual funds have been studied over the time period April 1996 to March 2009 (13 years). In this paper, an attempt has been made to study the performance of selected schemes of mutual funds based on risk-return relationship models and measures.
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outguess -k password -d secret.txt cover.jpg stego.jpg: outguess -r -k password stego.jpg output. Before embedding data into an image, OutGuess. To hide a file within an image, select your image (container) and a file to hide (content), write a key in the preferences (used to hide data) then click hide data to hide your file within your image. To recover, you must use the one used for hiding. And this is the exact function of OutGuess, which lets you hide information in JPG and PNM images. Comes in two versions: oldoutguess-0.13 taken from here and newoutguess from the package repos. mutual fund products become more complex in context of accommodating both return and risk measurements while giving due importance to investment objectives. outguess: Images (JPG) Uses redundant bits to hide data. For small investors who do not have the time or the expertise to take direct investment decision in equities successfully, the alternative is to invest in mutual funds. In the backdrop of liberalization and private participation in the Indian mutual fund industry, the challenge to survive and retain investor confidence has been a prime are of concern for fund managers.
Thus, with a little exception, we can conclude that fund managers have no ability to outguess the market in Bangladesh. On the other hand, we have employed two popular methodologies Treynor and Mazuy and Henriksson and Merton to test the market timing skill of fund managers and found no market timing skill persistent to the fund managers. In addition, the negative values of alpha indicate that fund managers become not only failed to add value to their portfolio, but also pool wrong assets which hurt the return resulting negative profit. We have used six measures average return, Sharpe ratio, Treynor ratio, Information ratio, Jensen’s alpha and M square to confirm the selection skill of fund managers and found no selection skill persistent to most of the fund managers (excluding Aims 1st M.F, ICB AMCL 2nd NRB M.F. To serve our objective, we tested both selection and market timing skills of the fund managers. We perform the investigation on weekly data of 25 mutual funds for the period of to April 28, 2016. This study principally analyzes the fund managers’ ability to outguess the market in Bangladesh.
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