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Record W2567370877

In Search of a Winning Combination-Evidence from India

2016· article· en· W2567370877 on OpenAlexaboutno aff
Pranav Mishra, Gulab Singh

Bibliographic record

VenueEuroeconomica · 2016
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicFinancial Markets and Investment Strategies
Canadian institutionsnot available
Fundersnot available
KeywordsFund of fundsPortfolioPassive managementClosed-end fundOpen-end fundBusinessFinanceIndex fundMutual fundInstitutional investorGlobal assets under managementInvestment managementAssets under managementQuarter (Canadian coin)Commodity poolEconomicsMicroeconomics
DOInot available

Abstract

fetched live from OpenAlex

With the introduction of Mutual funds in India in 1963, the Indian investor has shown positive response to mutual fund investments which is evidenced through increasing AUM (Assets Under Management) every quarter. So far as management style is concerned the industry offers two options to the common investor- on one hand the passively managed funds with the sole objective of replicating their benchmark index and on the other the actively managed funds where the fund manager continuously puts his efforts to enhance the returns, by making frequent changes in the composition of the portfolio. The common investor with limited savings cannot be expected to hold too many funds in his portfolio. Further with limited exposure to financial concepts and complexities he is left guessing on the right combination of funds that should constitute his small portfolio. This paper is a sincere attempt to address the above mentioned situation. We have empirically tested and shown that given the restricted savings which combination, either only two passively managed funds, two actively managed funds or a portfolio comprising of one of each type will win the race for the investor. This paper will be of interest, particularly to the small investors, academicians as well as the financial advisors.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.003
metaresearch head score (Gemma)0.019
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.016
Threshold uncertainty score0.053

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0030.019
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0020.003
Science and technology studies0.0010.003
Scholarly communication0.0050.003
Open science0.0020.003
Research integrity0.0010.002
Insufficient payload (model declined to judge)0.0160.002

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.043
GPT teacher head0.237
Teacher spread0.194 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2016
Admission routes1
Has abstractyes

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