My Money Investment Consultancy
Indiamart Member Since
Feb 2014
Mutual Funds
Worldwide, the Mutual Fund, or Unit Trust as it is called in some parts of the world, has a long and successful history. The popularity of the Mutual Fund has increased manifold. In developed financial markets, like the United States, Mutual Funds have almost overtaken bank deposits and total assets of insurance funds. As of date, in the US alone there are over 5, 000 Mutual Funds with total assets of over US $ 3 trillion (Rs.100 lakh crores).
In India, the Mutual Fund industry started with the setting up of Unit Trust of India in 1964. Public sector banks and financial institutions began to establish Mutual Funds in 1987. The Private sector and foreign institutions were allowed to set up Mutual Funds in 1993. Today, there are 36 Mutual Funds and over 200 schemes with total assets of approximately Rs. 81, 000 crores. This fast growing industry is regulated by the Securities and Exchange Board of India (SEBI)
- Tata
- ICICI
* Birla
* SbI Mutual Fund.
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Product Description
Worldwide, the Mutual Fund, or Unit Trust as it is called in some parts of the world, has a long and successful history. The popularity of the Mutual Fund has increased manifold. In developed financial markets, like the United States, Mutual Funds have almost overtaken bank deposits and total assets of insurance funds. As of date, in the US alone there are over 5,000 Mutual Funds with total assets of over US $ 3 trillion (Rs.100 lakh crores).
In India, the Mutual Fund industry started with the setting up of Unit Trust of India in 1964. Public sector banks and financial institutions began to establish Mutual Funds in 1987. The Private sector and foreign institutions were allowed to set up Mutual Funds in 1993. Today, there are 36 Mutual Funds and over 200 schemes with total assets of approximately Rs. 81,000 crores. This fast growing industry is regulated by the Securities and Exchange Board of India (SEBI)
- Tata
- ICICI
- Birla
- SbI Mutual Fund.
About the Company
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F7, Fortune Pride, E 8, Trilanga, Trilanga Bhopal - 462039, Madhya Pradesh, India
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