Mutual fund schemes a study with special reference to retail investors
Dr. Shashi Kapur Das
The Mutual Fund (MF) Industry had a compared annual growth rate of 18 percent over past 10 years. Despite the Global economic slowdown of 2010 -13, there has been a remarkable increase in mutual funds investment in India. Till now, lack of awareness about financial instruments and prevalence of low financial knowledge resulted in a lower inflow of investments as compared to that in other BRICK nations like China and Brazil. However, factors such as favorable demographics, rising income levels and ongoing government initiatives continue to make it one of the most attractive sectors in the financial services industry. In an attempt to curb black money in the economy, the Prime Minister announced the demonetization of Indian high value currency in November 2016. In the immediate future, with interest rate declining, it is reasonable to predict that debts funds will be drivers of the growth in the first half of 2017, while the effect of the goods and services tax will be felt in the second half.