A literature review on mutual funds

A Mutual fund is a pure intermediary which performs a basic function of buying and selling securities on behalf of its unit holders, which the latter also can perform but not as easily, conventionally, economically and profitably. The aim of this article is to review the existing literature on Mutual Funds. I have reviewed the studies conducted on various aspects of mutual funds. I have summarized the conclusions of all the studies so that the reader will get the idea on what studies has been conducted on mutual funds. I have categorized the studies into different sub topics. All the related studies are presented under one head. Due to tremendous growth of Mutual fund Industry it has gained the interest of investors as well as researchers. Lots of studies have been conducted on various areas of mutual funds. The objective of this article is to throw a light on the existing literature on mutual funds.