Growth and performance of Indian mutual funds industry


  • Bilal Ahmad Pandow University of Kashmir



Mutual Funds, Assets under Management, House Hold Savings, Risk, Returns, Investors


The Indian mutual fund industry has come a long way since its inception in 1963. The industry witnessed sufficient growth on all parameters - the number of fund houses, the number of schemes, funds mobilized, assets under management, etc. Given the critical role of channeling household savings, the question is - has the Indian mutual industry succeeded in achieving its’ goal? This study addresses this concern. The detailed nature of the current study suggests that the mutual fund industry has recorded significant progress on all fronts yet it has not been able to utilize its potential fully. On almost on all parameters, it is far behind the developed economies and even most of the emerging economies of the world. Moreover, the industry faces a number of challenges like low penetration ratio, lack of product differentiation, lack of investor awareness and ability to communicate value to customers, lack of interest of retail investors towards mutual funds and evolving nature of the industry. Based on the analysis the study suggests some recommendation to address these challenges.

Author Biography

Bilal Ahmad Pandow, University of Kashmir

I have a research degree of M.Phil. in Finance and Master’s degree in Finance and Control from the University of Kashmir, besides a collective work experience of thirteen years. My work experience is varied and ranges from developmental work, to policy making, besides administrative work at the University level. In my current job as Placement Officer at the University of Kashmir, my essential work involves building partnerships with the Industry. The purpose of such partnerships is to ensure funding for various academic projects and activities, and to also help place students in the corporate world. I also manage coordinate career fairs and involved in promotion of various alumni activities.


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