Effect of Some factors and Specifications in Mutual Funds on the Return of Them

In This study we examined the effect of different variables on the return of Iranian mutual funds. These variables include number of unit of mutual fund, banking or not banking of mutual funds, ranking of brokers (the mutual fund managers), size of mutual fund, activity ratio of mutual fund, age of mutual fund, value of issue and revocation of mutual fund, market return. In this research 39 mutual funds in a 24-month period has been studied and the year was between 2011 and 2013. The model parameters are estimated by ordinary Least-squares (OLS) regression and panel data. Hypothesis test results show that, there is a significant relationship between number of unit of mutual fund, size of mutual fund, activity ratio of mutual fund, age of mutual fund, value of issue and revocation of mutual fund, market return and its returns and there is not significant relationship between banking or not banking of mutual funds and its returns, and the evidence shows that ranking of brokers and Return of mutual funds are not significantly related to each other.