Study Finds HDFC Mutual Fund Outperforms SBI in Uganda's Local Governments
The article examines the financial performance of different mutual funds in Uganda, focusing on HDFC and SBI equity funds. The researchers used the CAPM model to analyze the returns of these funds from 2013 to 2016. They found that HDFC mutual fund had better returns compared to SBI mutual fund during this period. Mutual funds pool money from multiple investors to invest in the stock or bond markets. The study also highlighted the importance of analyzing investment performance to ensure it meets expectations.