Volume 14 Issue 1 2018


Muhammad Tariq
Manager (R & D), Institute of Business Management.

Faizan Ehtesham
Research Scholar, Ilma University and Capital Market Analyst.

Abstract This study is aimed to determine the nexus between mutual fund returns and stock market returns in Pakistan. This study adds contribution by testing the causa-effect relation of mutual fund returns and macroeconomic factors on the stock returns in Pakistan. This study is based on Panel data for 10 AMCs operating in Pakistan and macroeconomic factors for the period of 2007 to 2016. The hypothesis testing is based on panel data analysis, therefore the panel regression is applied via PLS, FEM and REM comparison. The study concludes that the there is significant effect of Equity Funds Returns on Stock Return. On the other hand, debt funds return and T-bills have the insignificant impact on Stocks Return. This study recommends influential findings for the policy makers such as equity funds have positive effect on the stock market.
Keywords Mutual Fund and Stock Market Stability, Debt Fund, Equity Fund
Year 2018
Volume 14
Issue 1
Type Full Length Paper
Recognized by Higher Education Commission of Pakistan, HEC
Category "Y"
Journal Name IBT Journal of Business Studies
Publisher Name ILMA University
Jel Classification G11, G17, G19
ISSN no (E, Electronic) 2409-6520
ISSN no (P, Print) 2416-8393
Country Pakistan
City Karachi
Institution Type University
Journal Type Open Access
Type of Review Double Blind Peer Reviewed
Format PDF
Paper Link
Page 23-38
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