Volume : I, Issue : II, July - 2012

Growth and Performance of Mutual Fund Industry in India

Dr. M. K. Maru

Abstract :

Mutual funds originated in U.K. in nineteenth century, but developed in the U.S.A. in the late 19th and early 20th century in the principle money canters of North East. In 1963 the concept of Mutual Funds was introduced in India with the formation of Unit Trust of India. In 1993 the private players were allowed to open shops in the country and today more than 34 mutual funds collectively manage Rs 6713575.19 cr under more than 840 schemes. mutual funds are link ultimate savers and ultimate borrowers as non-banking finance institution on large scales in required sector segment of our economy

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Dr. M. K. Maru Growth and Performance of Mutual Fund Industry in India International Journal of Scientific Research, Vol.I, Issue.II July 2012

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