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International Journal of Trade & Commerce-IIARTC
Impact Factor (IF):5.135 (COSMOS), IF:7.249 (ISRA), IF:3.721 (ISI)
ISSN:2277-5811 (P), ISSN:2278-9065 (O)
Frequency: Half Yearly
A Critical Analysis of Indian Mutual Funds Sector: A Case Study of Unit Trust of India (UTI) Mutual Fund, Bank of India (BOI) Mutual Fund and Tata Mutual Fund
Author: Meenakshia*, S.K.S. Yadavb aDeptt. of Commerce, Meerut College, Meerut, U.P. India Email Id: drmeenakshi82@gmail.com b Deptt. of Commerce, Meerut College, Meerut, U.P. India Email Id: sudhiryadavmeerut@gmail.com
Mutual Fund as an institutional investor plays a vital role in causing the stock market to function on sound and healthy lines. Worldwide, the mutual fund or Unit Trust as it called in some parts of the world has a long and successful history. The popularity of mutual fund has increased manifold. In developed financial markets, like the United States, Mutual Fund has almost over taken bank deposits and total assets of insurance fund. In the US alone there are over 5000 Mutual Funds with total assets over US $7000 billion. In India, the mutual fund industry started with the setting up of Unit Trust of India in 1964. Public Sector Banks and financial institutions began to establish mutual funds in 1987. The private sector and foreign institutions were allowed to set up mutual funds in 1993. Today there are around 40 mutual funds and over 300 schemes with total assets of approximately Rs. 97000 crores. The paper presents an analysis of Mutual Fund Sector in India with the study of three significant companies of India.
Keywords:Mutual Fund, Capital Issue, Asset Management, Custodian, Trustee
International Journal of Trade & Commerce (Vol: 3 Issue:1)
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