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Performance of mutual funds industry in India and worldwide: A comparative analysis

By: Das, Amit Kumar.
Material type: materialTypeLabelBookPublisher: Abhigyan Description: 38(2), Jul-Sep, 2020: p.33-40.Subject(s): Mutual Funds, AUM, AMC, Redemption, Sales In: AbhigyanSummary: The Mutual fund is an important segment of the financial system in India. It is a mechanism for pooling the savings of a large number of investors for collective investments with the objective of ensuring attractive yields and appreciation in their value. The mutual fund industry is expected to play a vital role in financial intermediation in the Indian economy; hence mutual funds collective ability to draw investment funds and the mode of use of those funds are of considerable interest. The Indian mutual funds' industry is still in its infancy as compared to its global counterparts. Yet, the industry has made remarkable strides in growing both in size and numbers. The present study focuses on examining the growth of the Indian mutual funds vis-à-vis developed market during pre and post-financial crisis. The 43 AMCs operating in the industry are diverse in size and dominated by few who own more than half of the assets held by the industry. The industry also beats major developed markets in terms of growth in assets and garnering fresh business though the percentage share in global business remains minuscule. - Reproduced
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Articles Articles Indian Institute of Public Administration
38(2), Jul-Sep, 2020: p.33-40 Available AR123915

The Mutual fund is an important segment of the financial system in India. It is a mechanism for pooling the savings of a large number of investors for collective investments with the objective of ensuring attractive yields and appreciation in their value. The mutual fund industry is expected to play a vital role in financial intermediation in the Indian economy; hence mutual funds collective ability to draw investment funds and the mode of use of those funds are of considerable interest. The Indian mutual funds' industry is still in its infancy as compared to its global counterparts. Yet, the industry has made remarkable strides in growing both in size and numbers. The present study focuses on examining the growth of the Indian mutual funds vis-à-vis developed market during pre and post-financial crisis. The 43 AMCs operating in the industry are diverse in size and dominated by few who own more than half of the assets held by the industry. The industry also beats major developed markets in terms of growth in assets and garnering fresh business though the percentage share in global business remains minuscule. - Reproduced

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