BIN TALIMI SHIKSHAKO ANGE LATEST PARIPTRA.
The First Introduction of a Mutual Fund In India Occurred in 1963 when the Government of India Launched Unit trust of India.
Unit Trust India Enjoyed a monopoly in the indian mutual fund market unil 1987 when a host of other government - controlled indian financial companies established their own funds, including state bank of Insia, canara bank , and Punjab National Bank. this market was made open to private players in 1993, as a result of the historic constitutional amendments brought forward by the then congress led government under the existing regine of liberalization , privaization and globalization. the templeton. in 1996 Sebi the regulator of mutual funds in india, formulated the mutual fund regulation which is a comprehensive regulatory framework.
Deposit being availabel in the market less than 10% of indian households have invested in mutual funds a recent report on mutual fund investment in india published by research and analytics firm, boston analytics,suggests investors are holding back from putting their money into mutual funds due to their perceived high risk and a lack of information on how mutual fundswork there are 46 mutual funds as of june - 2013.
the primary reason for not investing appears to be correlated with city size. Among respondents with a high saving rate, close to 405 of those who live in metros and Tier i cities considered such investment to be very risky whereas 33% of those in Tier II cities said they didnot know how or where to invest in such assets.
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