Mutual Fund Industry in India
Preface
The Indian mutual fund industry has definitely come a long way since it‘s inception in 1964. With the entry of private sector Mutual funds in 1993 the industry has witnessed serious competition. Therefore, it becomes essential to examine how the mutual funds have performed, and whether the trust imposed in them by the Indian investor is not out of place.
In India, at present, there are many mutual funds operating both in public and private sector. These compete with each other for mobilizing of funds with individual investors and other organization by offering attractive returns, minimum risk, high safety and prompt liquidity.
Investors and organization would like to know the comparative performance of each so as to select the best mutual fund or investment company. For this, evaluation of the performance of mutual funds and their portfolios becomes necessary. In India the research is not that exhaustive as in other countries like US, UK, Australia, Singapore and Japan, but some researchers have shown their interest in examining various aspect of mutual funds performance. Major contributors to this research are:
-
Obadullah & Sridhar (1991) Sarkar (1991) Adhikari & Bhosle (1994) Kale & Uma (1995) Gupta & Sehgal (2000)
Evaluation of Managed Portfolios
-
Jayadev (1998) Ramesh Chander (1998) Rao & Venkateshwarlu (1998) Sethu (2001) Amitabh Gupta (2001)
Methodology followed in the study is as follows:
Nature of the study: the study under taken is descriptive in nature, which tends to use Survey data and the relation ship studied will not casual in nature.
Universe: All Equity Schemes (Growth). Sample Size: Twenty-seven (27) Mutual Funds. Sample Elements: ABN Amro Mutual Fund Birla Sunlife Mutual Fund. BoB Mutual Fund. Canbank Mutual Fund. Deutsche Mutual Fund. DSP Merrill Lynch Mutual Fund Escorts Mutual Fund Fidelity Mutual Fund Franklin Templeton Mutual Fund HDFC Mutual Fund HSBC Mutual Fund
Evaluation of Managed Portfolios
The Indian mutual fund industry has definitely come a long way since it‘s inception in 1964. With the entry of private sector Mutual funds in 1993 the industry has witnessed serious competition. Therefore, it becomes essential to examine how the mutual funds have performed, and whether the trust imposed in them by the Indian investor is not out of place.
In India, at present, there are many mutual funds operating both in public and private sector. These compete with each other for mobilizing of funds with individual investors and other organization by offering attractive returns, minimum risk, high safety and prompt liquidity.
Investors and organization would like to know the comparative performance of each so as to select the best mutual fund or investment company. For this, evaluation of the performance of mutual funds and their portfolios becomes necessary. In India the research is not that exhaustive as in other countries like US, UK, Australia, Singapore and Japan, but some researchers have shown their interest in examining various aspect of mutual funds performance. Major contributors to this research are:
-
Obadullah & Sridhar (1991) Sarkar (1991) Adhikari & Bhosle (1994) Kale & Uma (1995) Gupta & Sehgal (2000)
Evaluation of Managed Portfolios
-
Jayadev (1998) Ramesh Chander (1998) Rao & Venkateshwarlu (1998) Sethu (2001) Amitabh Gupta (2001)
Methodology followed in the study is as follows:
Nature of the study: the study under taken is descriptive in nature, which tends to use Survey data and the relation ship studied will not casual in nature.
Universe: All Equity Schemes (Growth). Sample Size: Twenty-seven (27) Mutual Funds. Sample Elements: ABN Amro Mutual Fund Birla Sunlife Mutual Fund. BoB Mutual Fund. Canbank Mutual Fund. Deutsche Mutual Fund. DSP Merrill Lynch Mutual Fund Escorts Mutual Fund Fidelity Mutual Fund Franklin Templeton Mutual Fund HDFC Mutual Fund HSBC Mutual Fund
Evaluation of Managed Portfolios
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