Authors: S. Mohanan
Addresses: Department of Business Sciences, Faculty of Economics and Business Administration, Universidad Catolica del Norte, Antofagasta, Chile
Abstract: The Indian mutual fund industry is one of the fastest growing sectors in the Indian capital and financial markets. The mutual fund industry in India has seen dramatic improvements in quantity as well as quality of product and service offerings in recent years. Mutual funds assets under management grew by 96% between the end of 1997 and June 2003 and as a result it rose from 8% of GDP to 15%. The industry has grown in size and manages total assets of more than $30351 million. Of the various sectors, the private sector accounts for nearly 91% of the resources mobilised showing their overwhelming dominance in the market. Individuals constitute 98.04% of the total number of investors and contribute US $12062 million, which is 55.16% of the net assets under management.
Keywords: balanced scheme; growth/equity oriented scheme; income/debt oriented scheme; India; mutual funds; net assets; asset management; private sector; public sector; resource mobilisation; unit holding patterns; Unit Trust of India.
Global Business and Economics Review, 2006 Vol.8 No.3/4, pp.280 - 289
Published online: 22 Jun 2006 *Full-text access for editors Access for subscribers Purchase this article Comment on this article