Do the Greek mutual fund beat the market

The present paper deals with the institution of Mutual Funds (MF) in Greece, which has experienced rapid growth over the years and is one of the main choices of investors to invest their savings. This growth can be attributed to the unique benefits that mutual funds offer to individual investors. Investing in mutual funds, in comparison with investing directly in stocks, offers the advantages of professional management, instant liquidity and portfolio diversification. Thus, mutual fund industry has become in the last decades a popular investment vehicle for low and middle - income investors. In the first stage in the paper, the types of mutual funds will be presented and analyzed in a theoretical approach and the concepts of risk and return will be explained. In the next step, equity funds will be analyzed and valuated, using the Jensen (Jensen's Performance Index) method and the market timing methods, Treynor – Mazuy’s model and Henriksson- Merton’s model. The examination period of mutual funds is from their beginning of their life until and 29/6/2020.