Research Perspectives on Growth of Mutual Fund Industry in India
Shohom Pal *
Loyola Institute of Business Administration, Chennai, India.
*Author to whom correspondence should be addressed.
Abstract
The Mutual Fund industry is significantly expanding in the Indian sub-continent region. In recent years, exponential growth is observed. Mutual funds are considered to be one of the important segments of the Indian capital and financial markets. It generates quite a significant amount of revenue and helps to mobilize the savings of the people. This leads to capital formation and growth in the industry as well. This paper throws light upon the entire mutual fund industry across the country. It also states the several phases of growth and expansion of the mutual fund industry across decades. Having mentioned the same, it also makes a state-wise comparison of the major cities in which the funds are mobilized and capital formation is acquired. This penetration of the mutual fund industry among the citizens of India is attractive, it boosts economic growth and development at the same time.
Keywords: Relatives of Isoetes pantii, Capital formation, spiny spores in lycophyta New species of lsoetes, mutual funds, financial markets, capital markets, growth, development