Mutual fund got an profitable and exemptionally bright future if to be go through the data of the past and future expectations .\u00a0 By December 2004, Indian mutual fund industry reached Rs 1,50,537 crore. It is estimated that by 2010 March-end, the total assets of all scheduled commercial banks should be Rs 40,90,000 crore.<\/p>\n
The annual composite rate of growth is expected to reach 13.4% during the rest of the decade. In the last 5 years we have seen annual growth rate of 9%. According to the current growth rate, by year 2010, mutual fund assets will be double.<\/p>\n
Some facts for the growth of mutual funds in India<\/strong><\/p>\n * 100% growth in the last 6 years.<\/p>\n * Number of foreign AMC’s are in the que to enter the Indian markets like Fidelity Investments, US based, with over US$1trillion assets under management worldwide.<\/p>\n * Our saving rate is over 23%, highest in the world. Only channelizing these savings in mutual funds sector is required.<\/p>\n * We have approximately 29 mutual funds which is much less than US having more than 800. There is a big scope for expansion.<\/p>\n * ‘B’ and ‘C’ class cities are growing rapidly. Today most of the mutual funds are concentrating on the ‘A’ class cities. Soon they will find scope in the growing cities.<\/p>\n * Mutual fund can penetrate rurals like the Indian insurance industry with simple and limited products.<\/p>\n * SEBI allowing the MF’s to launch commodity mutual funds.<\/p>\n * Emphasis on better corporate governance.<\/p>\n * Trying to curb the late trading practices.<\/p>\n * Introduction of Financial Planners who can provide need based advice.<\/p>\n","protected":false},"excerpt":{"rendered":" Mutual fund got an profitable and exemptionally bright future if to be go through the data of the past and future expectations .\u00a0 By December 2004, Indian mutual fund industry reached Rs 1,50,537 crore. It is estimated that by 2010 March-end, the total assets of all scheduled commercial banks should be Rs 40,90,000 crore. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[1826,1836,1825,1822,1840,1831,1833,1837,1832,1827,683,1834,1830,1828,1824,1823,1818,1819,1820,1835,1839],"class_list":{"0":"post-554","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-general","7":"tag-about-mutual-funds","8":"tag-basics-of-mutual-funds","9":"tag-best-mutual-funds","10":"tag-equity-mutual-funds","11":"tag-future-of-mutual-funds-in-india","12":"tag-how-to-invest","13":"tag-income-funds","14":"tag-income-mutual-funds-1--3-309-21","15":"tag-investing","16":"tag-investing-in-mutual-funds","17":"tag-investment-funds","18":"tag-list-of-mutual-funds","19":"tag-managed-funds","20":"tag-mutual-fund-investing","21":"tag-mutual-funds-india","22":"tag-mutual-funds-invest","23":"tag-mutual-funds-investment","24":"tag-mutual-funds-performance","25":"tag-stock-mutual-funds","26":"tag-type-of-mutual-funds","27":"tag-types-of-mutual-funds-0","28":"entry"},"_links":{"self":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/comments?post=554"}],"version-history":[{"count":0,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/554\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/media?parent=554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/categories?post=554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/tags?post=554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}