The Indian Mutual Funds Industry has witnessed a sea change since UTI was first established in 1963. From a single player the number of players has increased to 29 and the number of schemes has spiraled to 477. The last decade has been a period of rapid growth for the MF industry. The paper begins by analyzing the current scenario in the industry characterized by problems with distribution, low investor awareness and concentration of corporate investors. In the next section, a comparison of the MF industry with global standards reveals that the industry still compares unfavorably with developed countries in terms of penetration, investor awareness, and diversity of products and the extent of use of risk management techniques. Further comparison reveals that the attitude of regulator towards investor protection and the governance of mutual funds are at par with global standards. The paper then analyzes the future expectations from the mutual fund industry in terms of increased investor awareness, product diversity and improvement in penetration and distribution. In the end I recommend certain steps that SEBI and the AMCs should take in order to build investor confidence and trust. A subsidiary of Mahindra & Mahindra Limited. MMFSL is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, it provides finance for utility vehicles, tractors and cars and it have the largest network of branches covering these areas.
[...] As mutual fund industry as growing and facing tough competition from foreign brands , mahindra finance should also focus on product awareness and product preference advertisement The organization should adopt some different strategies to attract that segment of investors who do not invest in mutual funds which will help them to increase their customers base CONCLUSION The comparison of the Indian MF industry with respect to global standards showed that India has a lot of catching up to do in terms of penetration, the diversity of products, and the risk mitigation techniques used. [...]
[...] Mahindra & Mahindra Financial Services Ltd, (‘M&MFSL') does not warrant its completeness and accuracy. Whilst we are not soliciting any action based upon this information, all care has been taken to ensure that the facts are accurate and opinions given fair and reasonable. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument receipt of this information should rely on their own investigations and take their own professional advice. Neither M&MFSL nor any of its employees shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way from the information contained in this material. [...]
[...] You know mahindra finance as Mutual fund distribution{ } Finance company { } Insurance company { } BIBLIOGRAPHY Mahindra Finance Fact Sheets SBI quarterly fact sheets HDFC quarterly fact sheets Marketing Management www.mahindrafinance.com www.amfiindia.com www.ndtvprofit.com www.valueresearch.com www.google.com www.moneycontrol.com www.economictimes.com www.rediff.com ARTICLES Mutual funds good for long term Dated 28 july 2008 Equity mutual funds have been out of favor in the market since the last few months due to the crash in the markets Equity mutual funds across the board have given negative returns during the last six months. [...]
[...] In other words, this is a mutual fund with redemption features in between those of closed-end and open-end funds Growth schemes: Growth schemes invest a significant portion of the money collected in the equity markets. These are called as growth schemes as returns from investment in the stock markets are high. However, investors of such schemes are also exposed to higher risks because of the inherent risks involved with investing in the stock markets. They are high-risk, high-return kind of schemes. [...]
[...] A mutual fund is simply a financial intermediary that allows a group of investors to pool their money together with a predetermined investment objective. The mutual fund will have a fund manager who is responsible for investing the pooled money into specific securities (usually stocks or bonds). When you invest in a mutual fund, you are buying shares (or portions) of the mutual fund and become a shareholder of the fund. Mutual funds are one of the best investments ever created because they are very cost efficient and very easy to invest in (you don't have to figure out which stocks or bonds to buy). [...]
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