Dr. Alpesh Gajera - Academia.edu (original) (raw)
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Papers by Dr. Alpesh Gajera
PalArch's Journal of Archaeology of Egypt / Egyptology, Nov 4, 2020
INTERNATIONAL JOURNAL OF MANAGEMENT, 2021
This research is undertaken to compare the risk and return of investment in mutual funds through ... more This research is undertaken to compare the risk and return of investment in mutual funds through SIP or lump sum investment. There is a lot of ambiguity among small investors regarding whether they should go for a lump sum investment or for SIP if the fund is available with them for investment. To justify the objectives of this research ten popular mutual fund ELSS schemes, one each from ten Asset Management Companies having the highest Asset under Management as on December 2019. Last ten years NAV data are collected for analysis purposes. The two parameters chosen here are the risk and return for analyzing both ways of investments. T-Test for the difference in the mean is used to compare mean and return of SIP and lump sum investment. F-Test for the difference in variance is used to compare mean return of SIP and lump sum investment. Results of data analysis strongly suggest to go for lump sum investment compared to SIP investment if investors have only two criteria to evaluate investment avenues i. e. return and risk.
The foundation of Modern Portfolio Theory was laid by Markowitz in 1951. He began with the simple... more The foundation of Modern Portfolio Theory was laid by Markowitz in 1951. He began with the simple premise that since almost all investors invest in multiple securities rather than one, there must be some benefit in investing in a portfolio of securities. He measured riskiness of a portfolio through variability of returns and showed that investment in several securities reduced this risk. His work won him the Nobel prize for Economics in 1990. Markowitz's work was extended by Sharpe in 1964, Lintner in 1965 and Mossin in 1966. Sharpe shared the Nobel prize for Economics in 1990 with Markowitz and Miller for his contribution to the Capital Asset Pricing Model (CAPM). This model breaks up the riskiness of each security into two components - the market related risk which cannot be diversified called systematic risk measured by the beta coefficient and another component which can be eliminated through diversification called unsystematic risk. In this research work, by using the conce...
Scholedge International Journal of Management & Development, 2015
In the current economic scenario interest rates are falling and fluctuation in the share market h... more In the current economic scenario interest rates are falling and fluctuation in the share market has put investors in confusion. One finds it difficulties to take decision on investment. This is primarily, because of investment are risky in nature and investors have to consider various factors before investing in investment avenues. These factors include risk, return, volatility of shares and liquidity. The main objective of our research is risk and returns analysis of different indices of BSE(S&P) like large cap, midcap, and small cap and also to evaluation of best indices/stock for investment. In our research we have taken historical data for last four year for finding out Risk & Return on monthly basis by comparing large cap to mid cap, large cap to Small cap and Midcap to Small cap Most of the risk-averse investors allocate money in large cap funds to avoid huge volatility and uncertainty. This large cap stocks carries low risk as well as low return and compared to mid and small ...
International Journal of Research in Commerce, IT and Management, 2013
International Journal of Research in Commerce and Management, 2013
INTERNATIONAL JOURNAL OF MANAGEMENT, 2021
Experts talk lots on integration of major stock indices of the world. In this research paper rese... more Experts talk lots on integration of major stock indices of the world. In this research paper researcher has tried to establish integration between major stock indices of the world by calculating correlation and applying anova on daily return of 16 major stock indices of the world. In research it is found that preceding and succeeding time of opening the stock market plays vital roles in terms of effect on each other. To achieve the objectives of research, last 5 years daily closing price of these 16 indices is collected and analyzed for quantifying the level of correlation between different stock indices. As sufficient time period is taken and daily closing prices are analyzed so it is found there is not significant difference in the daily return of these stock indices.
From Independence onward contribution of banking sector in Indian economy is remarkable. Although... more From Independence onward contribution of banking sector in Indian economy is remarkable. Although history of Indian Economy is full of many ups and down, but it always emerge as more strengthen sector after each and every up downs. In current scenario Indian Banking Sector is considered as backbone of Indian Economy. In this research paper researcher is analyzing employee's efficiency of private and public sector banks of India by taking financial ratios of four parameters indicating employee's efficiency of commercial banks. It includes Profit per employee (Lakhs), Business per employee (Lakhs), Wages as % of total expenses and Wages as % of total income. Currently all commercial banks are going through the phase of recruitment because of two main reasons. Firstly retirement of existing employees of old banks and second is expansion presser for newly establish bank to provide well establish network to customers. So in this phase it's become necessity for any banks to kn...
Paripex Indian Journal of Research, May 1, 2015
PalArch's Journal of Archaeology of Egypt / Egyptology, Nov 4, 2020
INTERNATIONAL JOURNAL OF MANAGEMENT, 2021
This research is undertaken to compare the risk and return of investment in mutual funds through ... more This research is undertaken to compare the risk and return of investment in mutual funds through SIP or lump sum investment. There is a lot of ambiguity among small investors regarding whether they should go for a lump sum investment or for SIP if the fund is available with them for investment. To justify the objectives of this research ten popular mutual fund ELSS schemes, one each from ten Asset Management Companies having the highest Asset under Management as on December 2019. Last ten years NAV data are collected for analysis purposes. The two parameters chosen here are the risk and return for analyzing both ways of investments. T-Test for the difference in the mean is used to compare mean and return of SIP and lump sum investment. F-Test for the difference in variance is used to compare mean return of SIP and lump sum investment. Results of data analysis strongly suggest to go for lump sum investment compared to SIP investment if investors have only two criteria to evaluate investment avenues i. e. return and risk.
The foundation of Modern Portfolio Theory was laid by Markowitz in 1951. He began with the simple... more The foundation of Modern Portfolio Theory was laid by Markowitz in 1951. He began with the simple premise that since almost all investors invest in multiple securities rather than one, there must be some benefit in investing in a portfolio of securities. He measured riskiness of a portfolio through variability of returns and showed that investment in several securities reduced this risk. His work won him the Nobel prize for Economics in 1990. Markowitz's work was extended by Sharpe in 1964, Lintner in 1965 and Mossin in 1966. Sharpe shared the Nobel prize for Economics in 1990 with Markowitz and Miller for his contribution to the Capital Asset Pricing Model (CAPM). This model breaks up the riskiness of each security into two components - the market related risk which cannot be diversified called systematic risk measured by the beta coefficient and another component which can be eliminated through diversification called unsystematic risk. In this research work, by using the conce...
Scholedge International Journal of Management & Development, 2015
In the current economic scenario interest rates are falling and fluctuation in the share market h... more In the current economic scenario interest rates are falling and fluctuation in the share market has put investors in confusion. One finds it difficulties to take decision on investment. This is primarily, because of investment are risky in nature and investors have to consider various factors before investing in investment avenues. These factors include risk, return, volatility of shares and liquidity. The main objective of our research is risk and returns analysis of different indices of BSE(S&P) like large cap, midcap, and small cap and also to evaluation of best indices/stock for investment. In our research we have taken historical data for last four year for finding out Risk & Return on monthly basis by comparing large cap to mid cap, large cap to Small cap and Midcap to Small cap Most of the risk-averse investors allocate money in large cap funds to avoid huge volatility and uncertainty. This large cap stocks carries low risk as well as low return and compared to mid and small ...
International Journal of Research in Commerce, IT and Management, 2013
International Journal of Research in Commerce and Management, 2013
INTERNATIONAL JOURNAL OF MANAGEMENT, 2021
Experts talk lots on integration of major stock indices of the world. In this research paper rese... more Experts talk lots on integration of major stock indices of the world. In this research paper researcher has tried to establish integration between major stock indices of the world by calculating correlation and applying anova on daily return of 16 major stock indices of the world. In research it is found that preceding and succeeding time of opening the stock market plays vital roles in terms of effect on each other. To achieve the objectives of research, last 5 years daily closing price of these 16 indices is collected and analyzed for quantifying the level of correlation between different stock indices. As sufficient time period is taken and daily closing prices are analyzed so it is found there is not significant difference in the daily return of these stock indices.
From Independence onward contribution of banking sector in Indian economy is remarkable. Although... more From Independence onward contribution of banking sector in Indian economy is remarkable. Although history of Indian Economy is full of many ups and down, but it always emerge as more strengthen sector after each and every up downs. In current scenario Indian Banking Sector is considered as backbone of Indian Economy. In this research paper researcher is analyzing employee's efficiency of private and public sector banks of India by taking financial ratios of four parameters indicating employee's efficiency of commercial banks. It includes Profit per employee (Lakhs), Business per employee (Lakhs), Wages as % of total expenses and Wages as % of total income. Currently all commercial banks are going through the phase of recruitment because of two main reasons. Firstly retirement of existing employees of old banks and second is expansion presser for newly establish bank to provide well establish network to customers. So in this phase it's become necessity for any banks to kn...
Paripex Indian Journal of Research, May 1, 2015