Examines the efficiency of mutual fund schemes using data envelopment analysis models, suggesting implications for investors.
This paper examines the efficiency of selected mutual fund schemes using output oriented CCR Model and BCC Model of Data Envelopment Analysis. This study is based on 97 mutual fund schemes comprising Large, Mid, Small, Flexi, Large and Mid, Multi, Sectoral & Thematic, ELSS, Focused, Value and Index funds. In the CCR Model the efficiency score is generated by maximizing outputs with limited inputs. The CCR Model is used to measure the scale efficiency whereas the BCC Model measures only the pure technical efficiency. The result suggests that 17 mutual funds are found to be efficient when CCR Model is used and 20 mutual funds are found to be efficient when BCC Model is used.
No takes yet. Share an insight, caveat, or question.
K.Kannan et al. (2026) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: