1Adaikalamatha Institute of Management, Vallam, Thanjavur
2Research Scholar, Department of Commerce, Bharathidasan University, Trichy
Online published on 11 September, 2015.
During the last few decades, the global financial scenario has witnessed several significant developments of which the initiation of new and innovative financial services is significant. A mutual fund means pooling the investments of a number of investors by way of investment in units of equal size. Mutual funds is known by different names in different countries. In the United Kingdom (UK), they are called “Investment Trusts” while in United States of America (USA) and most other countries, they are called “Investment Companies.” The mutual fund industry in the present context is characterized by an increasing number of players, competition between the public and private funds and the rising prominence of this financial instrument in the Indian financial market. Hence the present overview of the mutual funds in India in the present article.
