The analysis rate of return and risks on the health care mutual fund.

Abstract

This study aims (1) to analyze the return and risk of mutual funds that invest in the healthcare business sector, and (2) to compare and evaluate the risk-adjusted performance of healthcare mutual funds. The sample consists of seven mutual funds selected through purposive sampling. The data were collected using a secondary data recording form, based on monthly information obtained from the websites of asset management companies, the Stock Exchange of Thailand, and the Bank of Thailand during the period 2020–2024. The data analysis involves measuring risk using standard deviation, coefficient of variation, and beta, and assessing fund performance based on three risk-adjusted performance measures: Sharpe Ratio, Treynor Ratio, and Jensen’s Alpha.

          The results revealed that (1) SCBRMGHC generated the highest average monthly return at 0.3915 percent, whereas UHCRMF had the lowest return at 0.0324 percent. In terms of risk level, SCBRMGHC showed the lowest coefficient of variation at 11.6767, while UHCRMF had the highest at 134.9161. (2) Based on all three risk-adjusted performance measures, SCBRMGHC demonstrated the highest efficiency, while UHCRMF and KFHCARERMF showed the lowest. The findings indicate that funds with higher returns tend to be associated with higher levels of risk.

Keywords : Mutual Funds, Return and Risk, Risk-Adjusted Return