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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Velmurugan Palaniappan Shanmugam & K. A. Ashique Ali, 2021. "Impact of COVID-19 pandemic on equity-oriented mutual funds: A preliminary analysis of Indian mutual funds industry," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 8(01), pages 1-22, March.
    • Handle: RePEc:wsi:ijfexx:v:08:y:2021:i:01:n:s2424786321500067
    DOI: 10.1142/S2424786321500067
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