What Are Mutual Funds
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Title: What Are Mutual Funds

Essay Details:

Subject: Business
Author: Jonathan M
Date: March 22, 2012
Level: College
Grade: A
Length: 1 / 228

Essay text:

As financial markets become more sophisticated and complex, investors need a financial intermediary who can provide the required knowledge and professional expertise on taking informed decisions. The Indian Mutual fund industry has passed through three phases: The first phase was between 1964 and 1987 when Unit Trust of India was the only player. By the end of 1988, UTI had total assets worth Rs.6,700 crores. The second phase was between 1987 and 1993, during which period, 8 funds were established (6 by banks and one each by LIC and GIC). The total number of schemes went up to 167 and Assets Under Management saw the figures improving to over 61,000 crores...

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