The Concept and Development of the Indian Mutual Fund Industry

Abstract

The financial system serves as the cornerstone for economic development and progress. A nation's financial system must be robust enough to facilitate national growth and development effectively. Long-term economic prosperity relies on maintaining financial stability. By channeling and mobilizing financial resources and efficiently allocating them to productive assets, financial stability can be attained. Therefore, a mutual fund is a collection of resources that are given by a number of investors who share the same goals and who stand to gain from one another in terms of capital growth and dividends as return factors. Since the entry of private sector funds, the Indian mutual fund
market has experienced significant growth. This essay aims to concentrate on the idea, background, development, and overview of the global mutual fund sector with an emphasis on the Indian mutual fund market. The investors will gain knowledge from this study about the state and development of the mutual fund sector.