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The role of digital technologies on growth of mutual funds industry: An empirical study

Author

Listed:
  • Kishore Kumar Das

    (Associate Professor and Dean, Department of Commerce and Business Management. Ravenshaw University, Cuttack, India)

  • Shahnawaz Ali

    (Department of Accounting, Catholic University in Ebril, Ainkawa, Ebril, Kurdistan region, Iraq)

Abstract

This study aims to evaluate the effect of rapid changes in financial technologies and their impact on the financial services industry of India. A descriptive study has been made on the implementation of financial technologies in modern-day financial services Industries. An intensive literature review has been done from the existing most recent available journals, newspaper articles, government websites, and magazines. We have discussed the effects of the financial technologies on the existing financial system of India, the threats and challenges faced by the regulators in regulating the novel disruptive technologies. We have also discussed potential threats, challenges and future prospects of upcoming technologies in the mutual funds industry in India. Based on the literature review, it is found that financial technologies (FinTech) have a positive and important effect on the financial services industry of India. The AUM (Asset Under Management) has seen a tremendous jump in the recent past. It has also increased the customer experience with better access to the back office, even from remote places. In addition, the paper has also discussed the challenges faced by the regulators, who are yet to fully understand the implication of the fast-changing technological environment around us. Finally, this article contributes to the knowledge building and understanding of financial technologies and its impact on the financial industry, challenges, and future prospects. Key Words:Blockchain, Big data, Robo-Advisory, Digital Footprint, Asset Management Algorithms

Suggested Citation

  • Kishore Kumar Das & Shahnawaz Ali, 2020. "The role of digital technologies on growth of mutual funds industry: An empirical study," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 9(2), pages 171-176, March.
    • Handle: RePEc:rbs:ijbrss:v:9:y:2020:i:2:p:171-176
    DOI: 10.20525/ijrbs.v9i2.635
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    References listed on IDEAS

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    1. Kuo Chuen, David LEE & Teo, Ernie G.S., 2015. "Emergence of FinTech and the LASIC principles," Journal of Financial Perspectives, EY Global FS Institute, vol. 3(3), pages 24-36.
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    Cited by:

    1. Haruthai Kasemharuethaisuk & Taweesak Samanchuen, 2023. "Factors Influencing Behavior Intention in Digital Investment Services of Mutual Fund Distributors Adoption in Thailand," Sustainability, MDPI, vol. 15(3), pages 1-21, January.
    2. Mansurali Anifa & Swamynathan Ramakrishnan & Shanmugan Joghee & Sajal Kabiraj & Malini Mittal Bishnoi, 2022. "Fintech Innovations in the Financial Service Industry," JRFM, MDPI, vol. 15(7), pages 1-19, June.

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