%0 Journal Article %T Style Consistency and Mutual Fund Returns: A Case of Russia %A Bayarmaa Adiya %J Technology and Investment %P 198-209 %@ 2150-4067 %D 2024 %I Scientific Research Publishing %R 10.4236/ti.2024.154012 %X This paper carries out style analysis for Russian mutual funds using monthly data from the National Managers’ Association over the period of January 2008-December 2017; specifically, it applies the RSBA method developed by Sharpe (1992) for evaluating the impact of style on returns and uses the Style Drift Score (SDS) introduced by Idzorek and Bertsch (2004) as a measure of a fund’s style drifting activity. The main findings can be summarized as follows. In the Russian case, there is a significant positive relationship between style consistency and profitability of funds. Further, Russian funds are characterized by a high level of style drift, namely deviations from the investment strategy declared at the time of registration as required by Russian law. %K Mutual Funds %K Style Consistency %K Performance %K Russia %U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=136991