A Study on Growth of Mutual Funds With Special Reference To Chennai

Abstract

Mutual Fund is an Investment Vehicle that pools together funds from investors to invest in stocks, bonds or other securities. Mutual funds play a predominant role in the financial market. The growth of the industry is reflected in its assets under management. The growth rate in fund mobilisation also confirms the picture. The mutual fund industry in India had grown several folds in terms of number of schemes, funds raised and investor base over the years, there are many schemes developed in different basis so that the investors benefit the maximum higher rate of return from their investment accordingly with certain risks involved. This research study analyses in detail the growth of mutual fund industry in India, its performance over the years and investors preferences to the schemes and also analyses the motivating factor influencing the investors. The study also analyses the performance evaluation of selective mutual fund schemes. The study taken into consideration both the primary data and secondary data. The data collected are analysed using various statistical tools and the inferences and the conclusions were drawn. newlineThe growth of mutual funds is analyzed with the help of secondary data collected from various sources on the basis of the following criteria: 1. Increased number of players in the mutual fund industry 2. Resources mobilised by mutual fund industry 3. Increase in the No of investors in mutual fund 4. Plethora of schemes and innovative schemes available to the investors 5. In terms of Assets under management of mutual fund houses The information gathered through books, journals, magazines, reports, dailies and websites consist of secondary. newlineWhile analysing the growth of mutual fund industry it was found that a host of factors has contributed to the phenomenal growth of the industry. This has resulted in evolution of next objective of the study of analyzing the motivational factors influencing the mutual fund investment decision making of investors. In financial markets, expectations of the