Impact of COVID-19 on the performance of emerging market mutual funds: evidence from India

Abstract

Highlights The paper examined the ability of actively managed funds to beat the market downturn The study applied Sys-GMM and LSDV/fixed effect models for estimating the performance alpha The actively managed Indian mutual funds do not possess the ability to outperform the market

Keywords

• Mutual funds
• Fixed effects model
• Sys-GMM
• Instrumental variables