Exploration of Indian Mutual Funds Industry - A Bird’s Eye View

Abstract

In Indian financial markets, mutual funds is one of the fast growing industry. The Indian mutual fund industry mainly grab the attention of small and medium scale investors, who may not have enough time and professional expertise to make worthwhile investment. The mutual fund industry is progressing well with the involvement of private sector participation by offering wide array of schemes to cater the needs of large segments of investors. The present article aim to present a brief picture on Indian mutual funds industry by describing the growth and development of mutual funds in India in terms of resource mobilization, Assets Under Management (AUM) and wide variety of schemes offered by the industry. The present study is based on secondary data sources gathered for a period covering the years 1987-88 to 2017-18. The study employed statistical tools such as percentage analysis, Compounded Annual Growth Rate (CAGR) to analyze the mutual fund industry in order to derive valid inferences and conclusion. Keywords: Mutual fund Industry, Assets Under Management (AUM), Asset Management Companies (AMCs), Mutual fund schemes. DOI: 10.7176/JAAS/79-01 Publication date: April 30 th 2022