Overview of Mutual Fund Industry
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A SUMMER INTERNSHIP REPORT ON INVESTMENT PLANNING OF AHMEDABADI PEOPLE
Submitted to L.J. Institute of Engineering and Technology
In requirement of partial fulfillment of Master’s of Business Administration(MBA) 2 year full time Program of Gujarat Technological University
Submitted on: 14th July 2010 Submitted by: CHIRAG BHARATKUMAR GANATRA Batch No.: 2009 -11
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Certificate
It is hereby certified that the work incorporated in the thesis submitted entitled “Topic” submitted by (Student’s name) comprises the result of independent and original investigation carried out me. The material which obtained (and used) from other sources has been duly acknowledged in the thesis.
Date: 10TH JULY 2010 Place:A’BAD Signature of the student
It is certified that the work mentioned above is carried out under my guidance.
Date: Place: Signature of the faculty guide
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1.1 History of the Indian Mutual Fund Industry
The origin of mutual fund industry in India is with the introduction of the concept of mutual fund by UTI in the year 1963. Though the growth was slow, but it accelerated from the year 1987 when non-UTI players entered the industry. In the past decade, Indian mutual fund industry had seen dramatic improvements, both quality wise as well as quantity wise. Before, the monopoly of the market had seen an ending phase; the Assets Under Management (AUM) was Rs. 67bn. The private sector entry to the fund family raised the AUM to Rs. 470 bn in March 1993 and till April 2004; it reached the height of 1,540 bn. Putting the AUM of the Indian Mutual Funds Industry into comparison, the total of it is less than the deposits of SBI alone, constitute less than 11% of the total deposits held by the Indian banking industry. The main reason of its poor growth is that the mutual fund industry in India is new in the country.
A SUMMER INTERNSHIP REPORT ON INVESTMENT PLANNING OF AHMEDABADI PEOPLE
Submitted to L.J. Institute of Engineering and Technology
In requirement of partial fulfillment of Master’s of Business Administration(MBA) 2 year full time Program of Gujarat Technological University
Submitted on: 14th July 2010 Submitted by: CHIRAG BHARATKUMAR GANATRA Batch No.: 2009 -11
For more project report visit techshristi.com
Certificate
It is hereby certified that the work incorporated in the thesis submitted entitled “Topic” submitted by (Student’s name) comprises the result of independent and original investigation carried out me. The material which obtained (and used) from other sources has been duly acknowledged in the thesis.
Date: 10TH JULY 2010 Place:A’BAD Signature of the student
It is certified that the work mentioned above is carried out under my guidance.
Date: Place: Signature of the faculty guide
For more project report visit techshristi.com
1.1 History of the Indian Mutual Fund Industry
The origin of mutual fund industry in India is with the introduction of the concept of mutual fund by UTI in the year 1963. Though the growth was slow, but it accelerated from the year 1987 when non-UTI players entered the industry. In the past decade, Indian mutual fund industry had seen dramatic improvements, both quality wise as well as quantity wise. Before, the monopoly of the market had seen an ending phase; the Assets Under Management (AUM) was Rs. 67bn. The private sector entry to the fund family raised the AUM to Rs. 470 bn in March 1993 and till April 2004; it reached the height of 1,540 bn. Putting the AUM of the Indian Mutual Funds Industry into comparison, the total of it is less than the deposits of SBI alone, constitute less than 11% of the total deposits held by the Indian banking industry. The main reason of its poor growth is that the mutual fund industry in India is new in the country.