Mutual Fund in India - A Study

An attempt is presented in this article to explain about Mutual fund in India. The
mutual fund industry started in India in a small way with the UTI act, planning
what was effectively a tiny savings division within the RBI. Over 25 years this grew
fairly successfully and gave investors of good return and therefore in 1989 as the
next logical step,  nancial institutions and public sector banks were allowed to  oat
mutual fund, and their success encouraged the government to allow the private
sector to foray into this area.