Role of Mutual Fund In The Changing Scenario in India
Role of Mutual Fund In The Changing Scenario in India Abstract Since its establishment in 1963, the Indian mutual fund sector has grown significantly. It is one of the most rapidly expanding industries in India's capital and financial markets. Mutual funds have acquired enormous appeal as an investment vehicle in the present environment, as shown by the strong growth levels of assets under management. Today, India's financial system is regarded as solid and stable in comparison to many other Asian nations where the financial sector is experiencing many crises. The importance of major financial services in the financial sector cannot be overstated. Indeed, mutual funds have become a significant part of the Indian financial system, owing to government efforts. of India for addressing issues with UTI's US-64 and liberalizing tax responsibilities on the revenue generated by mutual funds They now serve a critical role in channeling the savings of millions of people into investm...