Mutual funds have become an indispensable contributor in the growth of financial market in India. The Indian mutual fund industry is growing year by year in terms of its asset size, asset management companies, number of schemes, investors accounts etc. Because of ease of investment, risk diversification, affordability and other advantageous characteristics mutual funds have emerged as important ingredient in Indian Financial Market. They play a very significant role not only in resource mobilization but also in the stability in the Indian Financial Market and Indian Economy. This study aims at providing the Indian Mutual Fund Industry in terms of its evolution, recent trends, reforms, opportunities and challenges.
Mutual funds, Risk Diversification, Asset Management Companies, Financial markets
