Mutual Funds in India

by Sadhak, H.

• ISBN13: 9780803993686
• ISBN10: 0803993684
• Format: Hardcover
• Copyright: 1997-11-01
• Publisher: Sage Pubns Pvt Ltd

Summary

The recent growth and performance of mutual funds in India are critically examined in this volume. The author addresses the major structural, regulatory and operational issues pertaining to Indian mutual funds, bearing in mind the changing perceptions of investors and the emerging market structure. In light of the Indian financial markets' integration with world markets, the author also outlines the conceptual framework and established operational practices of mutual funds in developed countries such as the USA, UK and Japan.

Table of Contents

List of Tables	9	(2)
List of Figures	11	(2)
Foreword	13	(2)
N.M. Govardhan
Preface	15	(4)
Acknowledgements	19	(2)
1. The Financial Market and Mutual Funds	21	(47)
An Overview of the Indian Financial Market
Role of Mutual Funds in the Financial Market
Benefits of Mutual Fund Investing
Mutual Fund Investors
Mutual Funds in Developed Countries
2. Growth and Performance of Mutual Funds	68	(52)
Phases of Development
Structure of Indian Mutual Funds
Types of Mutual Fund Schemes
Growth and Operational Highlights
Indian Offshore Funds
Implications of Money Market Mutual Funds for India
Performance of Indian Mutual Funds
3. Mutual Fund Marketing	120	(27)
Marketing Plan for a Mutual Fund
Marketing Unit Trusts and Investment Trusts in the UK
Marketing Mutual Funds in the USA
Marketing Investment Trusts in Japan
Market Analysis for Mutual Funds
The Scope of the Market for Mutual Funds
4. Investment Management of Mutual Funds	147	(32)
Risks Associated with Investing
Investment and Asset Allocation Patterns
Investment Strategies
Investment Research
5. Investor Protection and Mutual Fund Regulation	179	(12)
Deregulation, Market Imperfections and Investment Risks
The Need for Regulation
Regulation and Investor Protection in India
6. Conclusion	191	(5)
Appendices	196-242	(46)
1. Registered and Approved Mutual Funds	196	(6)
2. Salient Features of Securities and Exchange Board of India (Mutual Funds) Regulations, 1996	202	(15)
3. Year-wise Intial Collections of Schemes	217	(6)
4. Mutual Fund Schemes	223	(5)
5. Listed Schemes	228	(2)
6. Performance Measure of Mutual Funds	230	(3)
7. Mutual Fund Monitor (Extended sheets between pp. 232 and 233)
8. Credence Study on Year-end Performance of Mutual Funds (as at 31 March 1997)	233	(5)
9. Portfolio Composition of Indian Mutual Funds	238	(5)
Glossary	243	(12)
Select Bibliography	255	(8)
Index	263