Future of Mutual Funds In India
Abstract:
The Future of Mutual Funds In India suggests that the industry has got huge scopes of development in the times to come.
Mutual Fund Assets Under Management (MF AUM)-Growth
- In March 1998, the MF AUM was ` 68984 crores.
- In March 2000, the MF AUM was ` 93717 crores and the percentage growth was 26 %.
- In March 2001, the MF AUM was ` 83131 crores and the percentage growth was 13 %.
- In March 2002, the MF AUM was ` 94017 crores and the percentage growth was 12 %.
- In March 2003, the MF AUM was ` 75306 crores and the percentage growth was 25 %.
- In March 2004, the MF AUM was ` 137626 crores and the percentage growth was 45 %.
- In September 2004, the MF AUM was ` 151141 crores and the percentage growth was 9 % in 6 months time.
- In December 2004, the MF AUM was ` 149300 crores and the percentage growth was 1 % in 2 months time.
Future of Mutual Funds In India-Facts on growth
Important aspects related to the future of mutual funds in India are -- The growth rate was 100 % in 6 previous years.
- The saving rate in India is 23 %.
- There is a huge scope in the future for the expansion of the mutual funds industry.
- A number of foreign based assets management companies are venturing into Indian markets.
- The Securities Exchange Board of India has allowed the introduction of commodity mutual funds.
- The emphasis is being given on the effective corporate governance of Mutual Funds.
- The Mutual funds in India has the scope of penetrating into the rural and semi urban areas.
- Financial planners are introduced into the market, which would provide the people with better financial planning.
Last Updated on 06/26/2011
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