Research Article Open Access

FUZZY RULE-BASED SYSTEM FOR AVENUE MANAGEMENT

S. Prakash1 and C. Sundar2
  • 1 SRM University, Sr. Test Engineer, Franklin Templeton International Services (I) Pvt. Limited, India
  • 2 School of Management, SRM University, India

Abstract

Mutual Funds are becoming effective way for investors to participate in financial markets. An investor must learn to analyze and measure the risk and return of the portfolio. The performance of funds is mainly affected by characteristics such as asset size, turnover and fee structure. Investors’ highest priority lies in understanding the relation between fund performance and above properties. Currently the investors depend upon advisors for their financial planning and further no customized tools are available for investment decision. In this work, a fund planner tool called Techno-Portfolio Advisor is proposed which helps the investors to understand the critical relations and support mutual funds selection across the Asset Management Companies (AMCs) in India. The Techno-Portfolio Advisor is designed based on the fuzzy inference rules by considering the investor preferences like investment amount, age, future goal and return rate. Further, the optimal funds for achieving the investor goal are evaluated based on the quantitative data available from the historical NAV from SEBI/AMFI/AMCs. Thus the Techno-Portfolio Advisor creates awareness among the investor community in choosing the optimal mutual fund scheme as well as to achieve their investment goals.

American Journal of Applied Sciences
Volume 11 No. 5, 2014, 748-758

DOI: https://doi.org/10.3844/ajassp.2014.748.758

Submitted On: 31 December 2013 Published On: 15 February 2014

How to Cite: Prakash, S. & Sundar, C. (2014). FUZZY RULE-BASED SYSTEM FOR AVENUE MANAGEMENT. American Journal of Applied Sciences, 11(5), 748-758. https://doi.org/10.3844/ajassp.2014.748.758

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Keywords

  • Mutual Fund
  • Sharp Ratio
  • Fuzzy Inference Rules
  • Fund Planner