History of Indian Mutual Fund Industry
With the emergence of diverse productive avenues for investing, mutual funds have become one of the most popular investment options. A mutual fund is a simple investment product structured around the concept of risk mitigation by spreading investments in multiple channels. According to Nielsen global survey of investment attitudes, mutual funds is one of the favourite investment options that ranked atop among the other assets like precious metals, stocks and bonds.
In this article, we will look at the history of the mutual fund industry which grew fairly successfully and helped large number of investors generate wealth over the years.