Mutual and other Funds

58.Explain the growth of the Indian Mutual Fund Industry.

Ans: The Indian Mutual Fund Industry has been growing at a healthy pace of 16.68 percent for the past eight years and the trend is likely to move further .With the entrance of new Fund houses and the introduction of new Funds into the market , investors are now being presented with a broad array of Mutual Fund Choices. Fund houses with the greatest brand equity are sure to capture the biggest spending investors .Mutual Fund Industry today , with about 34 players and more than 500 schemes , is one of the most preferred investment avenues in India.