Impact of COVID-19 pandemic on equity-oriented mutual funds: A preliminary analysis of Indian mutual funds industry

Velmurugan Palaniappan Shanmugam () and K. A. Ashique Ali
Additional contact information
Velmurugan Palaniappan Shanmugam: Department of Commerce, School of Commerce and Business Management, Central University of Tamil Nadu, Thiruvarur, Tamil Nadu, India
K. A. Ashique Ali: Department of Commerce, School of Commerce and Business Management, Central University of Tamil Nadu, Thiruvarur, Tamil Nadu, India

International Journal of Financial Engineering (IJFE), 2021, vol. 08, issue 01, 1-22

Abstract: COVID-19 and the worldwide lockdown left life in worse condition in which people struggle to meet their livelihood. People are concerned about their lives, jobs, savings, and investments. This paper had analyzed the changes in the mutual fund industry in India due to the virus outbreak from December 2019 to May 2020. A sample of 25 equity-oriented direct growth funds has been considered for this study to analyze their performance along with the sector-wise differences. The results show that the value of majority of the funds had plunged, while some funds had rebounded during the period.

Keywords: COVID-19; pandemic; mutual funds; net asset value (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S2424786321500067
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijfexx:v:08:y:2021:i:01:n:s2424786321500067

Ordering information: This journal article can be ordered from

DOI: 10.1142/S2424786321500067

Access Statistics for this article

International Journal of Financial Engineering (IJFE) is currently edited by George Yuan

More articles in International Journal of Financial Engineering (IJFE) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().