Evaluating the Performance of Mutual Fund Managers: A Comparative Analysis of Market Timing and Stock Selection using the Treynor-Mazuy Model in the Indian Market

Abstract

This research paper, "Evaluating the Performance of Mutual Fund Managers: The paper entitled “A Comparative Analysis of Market Timing and Stock Selection Using the Treynor-Mazuy Model in the Indian Market” analyses the vital mutual fund performance of the Indian market. It reviews previous research on mutual fund performance evaluation, market timing ability, and related issues, and attempts to reconcile conflicting prior findings. The data used for the study is from January 2019 to December 2023 and the sample is of Indian mutual fund managers using the Treynor-Mazuy market timing model. The results were consistent with previous study by Dr. Soumya Guha Deb, and they shed some light on fund managers' selectivity and market timing skills in the Indian market. Emphasising the importance of precise performance metrics for investors, fund managers and regulators, the study offers vital insights into the performance of fund managers in one of the world’s largest fast-growing countries.