True Economics or Forced Economies : Do Indian Funds Compete Under the Shadow of Regulatory Ceilings? (Record no. 30231)

MARC details
000 -LEADER
fixed length control field 01562pab a2200205 454500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 140923b0 xxu||||| |||| 00| 0 eng d
040 ## - CATALOGING SOURCE
Transcribing agency Welingkar Institute of Management Development & Research, Mumbai
Original cataloging agency Welingkar Institute of Management Development & Research, Mumbai
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title ENG
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number
Item number Som
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Somashekar T S
245 ## - TITLE STATEMENT
Title True Economics or Forced Economies : Do Indian Funds Compete Under the Shadow of Regulatory Ceilings?
250 ## - EDITION STATEMENT
Edition statement 3
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc.
Name of publisher, distributor, etc. Mar 2009
Date of publication, distribution, etc. 0
300 ## - PHYSICAL DESCRIPTION
Extent 20-33 Pp.
490 ## - SERIES STATEMENT
Volume/sequential designation 15
520 ## - SUMMARY, ETC.
Summary, etc. This paper studies the behavior of open ended equity funds and medium- and long-term debt funds in India under regulatory cost and management fee ceiling constraints. It attempts to see if competition renders regulation unimportant. Smaller equity funds spend lesser on marketing and waive a portion of their management fee to keep expenses below the ceiling. This tendency disappears as we reach the highest asset class which also appears to face diseconomies of scale. When controlled for regulatory cost ceilings, there are no economies of scale present. Debt funds are not constrained by regulatory cost ceilings as much as by the need for them to deliver better returns with decreasing debt returns and high equity returns. Their expenses and management fee are much below regulatory ceilings throughout all asset classes and tend to reflect true economies. <br/><br/>
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Mutual Funds, Forced Economies
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="http://192.168.6.13/libsuite/mm_files/Articles/AR10389.pdf">http://192.168.6.13/libsuite/mm_files/Articles/AR10389.pdf</a>
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN)
a 30053
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Cost, normal purchase price Total Checkouts Full call number Barcode Date last seen Cost, replacement price Price effective from Koha item type
        Main Library Main Library 09/03/2009 0.00   Som AR10389 23/09/2014 0.00 23/09/2014 Articles

Powered by Koha