| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 4 |
NO. 1 |
PAPER 12 |
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INDIAN MUTUAL FUND INDUSTRY - AN OVERVIEW |
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| M.Babu and G.Indhumathi |
| Research Scholars, Department of Commerce and Financial Studies, Bharathidasan University, Tiruchirappalli, India |
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| The success story of any economy can only be determined on the basis of sound financial system of the country. The Indian financial system in general and the mutual fund industry in particular continue to take turn around from early 1990s. Mutual Funds have emerged as an important segment of financial market in India. Indian mutual fund industry is as old as four decades but its growth and awareness has reached the present level only since the last five years. The industry has different phases in its growth. It has also seen many new products and is now allowed to invest in foreign countries. This paper aims to overview the growth and development of mutual funds as a financial service in Indian financial market. |
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