DOES FUNDS’ TURNOVER EFFECT CLOSEENDED MUTUAL FUNDS’ PERFORMANCE? EVIDENCE FROM PAKISTANI MUTUAL FUND INDUSTRY

This study was conducted to evaluate the impact of the fund's turnover on their performance. Semi-annual data from 2013 to 2017 extracted from the close-ended funds' financial reports are used. Simple linear regression using SPSS was applied for analyzing the impact of a fund's turnover on their performance. The study finds a significant positive relationship between funds' turnover and their performance. The study is just focusing close ended mutual funds, Open-ended mutual funds could also be incorporated as in Pakistan Mutual Funds Industry, and majority funds offered are open-ended. At this time of depression, political instability affected this economy. Fund managers must invest very carefully because government policies are not yet clear, stock market conditions are also alarming