EVOLUTION AND GROWTH OF MUTUAL FUNDS IN INDIA

Agarwal, Rohan (2008) EVOLUTION AND GROWTH OF MUTUAL FUNDS IN INDIA. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

ABSTRACT

The mutual fund industry can be considered to be a twentieth century phenomenon that has found acceptance in the financial world as an effective source of investment giving comparatively higher returns in lesser time. The foundations of the modern mutual fund were laid in USA in early part of the last century. Initially it started well but got badly affected by the great depression of the twenties that affected its prospects. This industry was made more institutionalized by the government and after the world wars its influence spread to other parts of the world. A new phase started after the globalization of economy and establishment of WTO. This increased the scope of this industry and brought many new areas into its fold. At the same time it increased the volume and variety of transactions in the mutual fund industry.

The mutual fund industry in India had started in the sixties of the last century. But its real development started in the nineties especially after the liberalization of the economy. This results of the analysis show that this phase is continuing and will complete its phase in the near future after which only the next phase of growth can be discussed with regards to the mutual fund industry in India. As of now what is needed is the physical spreads of this industry and incorporation of new investors by highlighting the advantages of investing in mutual funds.

In line with this thinking the recommendations of this study are:

���¢�������¢ To focus on familiarizing the advantages of mutual fund investment schemes to the investors

���¢�������¢ To increase the spatial and demographic presence of mutual fund industry on a proactive basis so that the next stage of development of mutual fund industry can happen in India

���¢�������¢ To create synergy between business goals and government policies so that they can work in tandem for the future development of the mutual fund industry.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 07 Jan 2009
Last Modified: 23 Oct 2016 11:05
URI: http://eprints.nottingham.ac.uk/id/eprint/21976

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