mutual funds

MUMBAI:  Researchers from MIT (Massachusetts Institute of Technology) and Columbia University Wednesday published a joint academic study titled ‘Is It Luck or Skill?’. 
The study applies tests to data obtained from fantasy sports platforms for cricket and basketball (2013 to 2016) and various mutual funds (2005 to 2018). The study conclusively demonstrates that luck plays a bigger role in the success of a mutual fund manager compared to that of a fantasy sports player. The study includes over 16 million data points collected over four years.