Mutual funds in India

The mutual funds industry is still nascent in India. Hence, investors have yet to fully understand the way they work, the benefits they offer, and the reduction in risks to investors that they can provide in today's complex and sophisticated capital markets. Perhaps the first study to emanate from India of mutual funds as important financial intermediaries and asset allocators, this informative book examines their increasingly significant role in India's liberalized market economy. Keeping in mind the changing perceptions of investors and the emerging market structure, Dr. Sadhak traces the growth and performance of mutual funds in India, while identifying the constraints in their development. He addresses the major structural, regulatory and operational issues pertaining to Indian mutual funds.

Given the growing globalization of Indian financial markets and their integration with world markets, he also outlines the conceptual framework and established operational practices of mutual funds in developed countries such as the USA, UK and Japan. In the process, he provides valuable data relating to mutual funds in these countries, besides on those operating in India. Overall, the book focuses on strategic directions for mutual funds with regard to marketing and investment to enable them to cope with the emerging challenges in the fast-changing savings and capital markets in India.