Testing of Performance Measures on Mutual Fund Debt Schemes: An Empirical evidence in India

We examine the performance of private and public mutual fund debt schemes in India. We use yearly NAVs of two hundred thirty-four debt schemes, Sensex and Treasury bill yield for the study period from April 2006 to March 2021. We apply time series plot, Quandt likelihood ratio (QLR) test, cumulative sum (CUSUM) test, compounded annual growth rate (CAGR using Geo-mean), performance measures and comparison with Nifty 10 yr. benchmark G-sec Index. The result of time series plot QLR test shows no structural break in the data and no change in parameter and further result show that no significance difference between private and public sector mutual fund debt schemes.