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Mutual fund industry in India: development and growth

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  • S. Mohanan

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.

Suggested Citation

  • S. Mohanan, 2006. "Mutual fund industry in India: development and growth," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 8(3/4), pages 280-289.
    • Handle: RePEc:ids:gbusec:v:8:y:2006:i:3/4:p:280-289
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