The significant growth in assets ofIndian Mutual Fund industry
First Phase (1964-1987)Second Phase (1987-1993)Third Phase (1993-2003)Fourth Phase (2003-till date)
Unit Trust of India (UTI) was established in1963 by an Act of ParliamentThe first scheme launched by UTI was UnitScheme ...
 This phase showed the entry of Public SectorFunds SBI Mutual Fund was the first non- UTI MutualFund established in June...
 The Private Sector Funds entered the Indianmutual fund industry in 1993 According to Mutual Fund Regulations all mutual...
 In 2003, UTI was bifurcated into two separateentities –• Specified Undertaking of UTI - representing the assets of US 64...
 Asset Under Management of the Indian MutualFunds Industry, if compared, constitute less than11% of the total deposits he...
Get more insights on Mutual Fund and MutualFund Investments hereThank You
Indian Mutual Fund Industry
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Indian Mutual Fund Industry

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The mutual fund industry in India started in 1963 with the formation of Unit Trust of India, at the initiative of the Government of India and Reserve Bank of India. Significant growth in size of mutual fund industry was seen in late 1980’s when public sector mutual funds were given permission. The entry of private sector players in mid 1990s and formulation of comprehensive SEBI MF Regulations 1996 led to sharp growth in the assets of the mutual fund industry. In the last ten years, entry of banks and institutional players as intermediaries coupled with greater investor awareness and penetration has led to significant growth in assets of Indian Mutual Fund industry.

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Indian Mutual Fund Industry

  1. 1. The significant growth in assets ofIndian Mutual Fund industry
  2. 2. First Phase (1964-1987)Second Phase (1987-1993)Third Phase (1993-2003)Fourth Phase (2003-till date)
  3. 3. Unit Trust of India (UTI) was established in1963 by an Act of ParliamentThe first scheme launched by UTI was UnitScheme 1964At the end of 1988 UTI had Rs.6,700crores of assets under management
  4. 4.  This phase showed the entry of Public SectorFunds SBI Mutual Fund was the first non- UTI MutualFund established in June 1987 followed by banks LIC and GIC established their mutual funds in June1989 and December 1990 respectively At the end of 1993, the mutual fund industry hadassets under management of Rs.47,004 crores
  5. 5.  The Private Sector Funds entered the Indianmutual fund industry in 1993 According to Mutual Fund Regulations all mutualfunds except UTI were to be registered Kothari Pioneer (now merged with FranklinTempleton) was the first private sector mutual fundregistered in July 1993 By 2003, there were 33 mutual funds with totalassets of Rs. 1,21,805 crores, whereas the UnitTrust of India had assets of Rs.44,541crores, staying as the largest mutual fund in thisphase
  6. 6.  In 2003, UTI was bifurcated into two separateentities –• Specified Undertaking of UTI - representing the assets of US 64 scheme• UTI Mutual Fund Ltd - sponsored by the Public Sectors Consistency in performance by top mutual fundsand other major factors has contributed to growth inmutual fund assets At the end of December 2012, the average assetsof Indian mutual fund industry amounted to Rs7,86,543 crores
  7. 7.  Asset Under Management of the Indian MutualFunds Industry, if compared, constitute less than11% of the total deposits held by the Indianbanking industry, less than SBI alone. Reason of its poor growth is that the mutual fundindustry in India is new here. Large sections ofIndian investors are yet to be intellectuated withthe concept. Hence, it is the prime responsibility of all mutualfund companies, to market the product correctlyabreast of selling.
  8. 8. Get more insights on Mutual Fund and MutualFund Investments hereThank You

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