Empirical analysis of herding behavior of mutual fund managers in the Indian market

Abstract

Mutual Fund in India is an emerging market and the study and analysis done on it so far is very limited. Also it is very important to know about the factors that are affecting the performance of the mutual fund companies and to understand the behaviour of mutual fund managers. There is also observed evidence of institutional investors flocking together to buy or sell particular stocks. Hence study on this would help us to understand how the flocking of fund managers affects the performance of mutual funds.