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The study was conducted by evaluating the performance of Pakistan mutual funds. The objective of the study was to evaluate the risk adjusted performance of closed ended, open ended funds in Pakistani markets. The dependent variable was performance and the independent variable was assets, expenses, age and liquidity. The results of one sample t-test show that Sharpe, Treynor ratio, Jensen Alpha, Sotino ratio and Information ratio of market portfolio (test value) is significantly higher than that of the mutual funds at 10% level of confidence.

Naveed, Maqsood Haider, Muhammad Nouman Habib. (2017) Performance Evaluation of Pakistani Mutual Funds: Empirical Evidence, Journal of Managerial Sciences, Volume 11, Issue 1.
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