A Study on Indian Mutual Fund Industry and Its Nature

Published in Journal

Journal of Advances and Scholarly Researches in Allied Education [JASRAE] (Vol:9/ Issue: 18) DOI: 10.29070/JASRAE
Authors: Bhupender Kumar,
Subjects: Multidisciplinary Academic Research

Year: Apr, 2015
Volume: 9 / Issue: 18
Pages: 0 - 0 (0)
Publisher: Ignited Minds Journals
Source:
E-ISSN: 2230-7540
DOI:
Published URL: http://ipublisher.in/p/3423
Published On: Apr, 2015

Article Details

A Study on Indian Mutual Fund Industry and Its Nature |

Bhupender Kumar, in Journal of Advances and Scholarly Researches in Allied Education | Multidisciplinary Academic Research

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ABSTRACT:

Mutual Funds have been a significant sourceof investment in both government and corporate securities. It has been for thedecades the monopoly of the state with UTI being the key player with investedfunds exceeding Rs. 300 bn. (US $ 10 bn.). The state owned insurance companiesalso hold a portfolio of stocks. Presently, numerous mutual funds exist,including private and foreign companies. Banks - mainly state owned too haveestablished Mutual Funds (MFs). Foreign participation in mutual funds and assetmanagement companies permitted on a case-by-case basis.