Abstract
Mutual funds play a vital role in resource mobilization and its efficient allocation to the productive sources of economic system. In this progress of development, mutual funds have emerged as strong financial intermediaries and are playing an important role in bringing stability to the financial system and efficiency to the resource allocation process. Mutual funds industry today is one of the most preferred investment avenues in India. This paper analyses resource mobilization by mutual fund industry in India after briefly presenting the evolution of mutual funds in India. Then, the researchers have discussed the challenges of mutual fund industry and finally, the way ahead for mutual fund industry in India.
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