Open AccessPerformance and Persistence of Indian Mutual Fund Industry
Author(s) -
Akroju Sanjay,
K. Bhavana Raj
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.b1047.078219
Subject(s) - mutual fund , open end fund , business , fund of funds , finance , closed end fund , investment fund , fund administration , target date fund , manager of managers fund , sovereign wealth fund , income fund , institutional investor , financial system , economics , foreign direct investment , corporate governance , market liquidity , macroeconomics
The Indian mutual fund industry history started in 1963. The development of the mutual funds industry in India from all the parameters like number of asset management companies, number of schemes, number of investors, and amount of fund invested in mutual funds, mutual funds played major role in the development of the country’s industrial and economic growth etc. Household sector is the key fund supplier to mutual fund industry. Household sectors saving growth rate has been raising year by year. This study address the question, has mutual fund industry succeeded in India? Indian mutual funds have not utilized complete potentiality of prospective investors. Mutual funds have succeeded and played major role in the development of industry, economy etc. in developed countries like USA and Japan. Mutual fund industry facing numbers of problems in our country like lack of investor’s awareness due to less financial literacy, investors are interested to invest in nonfinancial assets, available, mutual fund schemes are not catering the needs and expectations of investors, dominance of unorganized investment avenues, availability of insufficient investment advisors, etc. Based on the study and analysis suggests and recommends to overcome the challenges which are being faced by mutual funds industry in India.