Analyzing the Performance of Iran Mutual Funds

Authors

Department of Accounting, Faculty of Social Sciences and Economics, Alzahra University, Tehran, Iran

Abstract

This paper is based on the performance of mutual fund in the Tehran’s stock exchange criteria based on modern portfolio theory consists of (Sharp ratio, Modigliani,Standard Deviation, Systematic Risk, Treynor, Jenesen alpha) and Post Modern portfolio Theory includind (Sortino Ratio, Upside Potential Ratio, Down-Side Risk and Down-Side Beta); study and compare the relationship between ranking.In this regard ,considering the period since march 2008(beginning fund iran ) until the end of the june 2012 using the software spss version 15 to check the results of the ratios computed for mutual funds in terms of their performance have been different. Funds Ranking results based on the criteria base on Modern Theory & Post Modern Theory Contact Learn there is significant. In the other hand, considering the non-normal distribution curve of Mutual Funds returns, this study comes to conclusion that applying the Post Modern Portfolio is more beneficial in comparison with Modern Portfolio.

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References

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History

  • Receive Date: 13 February 2013
  • Revise Date: 30 June 2018
  • Accept Date: 01 November 2013

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