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Replication data for: The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market

Version
V0
Resource Type
Dataset
Creator
  • Anagol, Santosh
  • Kim, Hugh Hoikwang
Publication Date
2012-02-01
Description
  • Abstract

    We study a natural experiment in the Indian mutual funds sector that created a 22-month period in which closed-end funds were allowed to charge an arguably shrouded fee, whereas open-end funds were forced to charge entry loads. Forty-five new closed-end funds were started during this period, collecting $7.6 billion US, whereas only two closed-end funds were started in the 66 months prior to this period, collecting $42 billion US, and no closed-end funds were started in the 20 months after this period. We estimate that investors lost and fund firms gained approximately $350 million US due to this shrouding. (JEL D14, G23, G28, O16)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/aer.102.1.576 (Text)
Publications
  • Anagol, Santosh, and Hugh Hoikwang Kim. “The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market.” American Economic Review 102, no. 1 (February 2012): 576–93. https://doi.org/10.1257/aer.102.1.576.
    • ID: 10.1257/aer.102.1.576 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-06

Anagol, Santosh; Kim, Hugh Hoikwang (2012): Replication data for: The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116102