GROWTH ORIENTED EQUITY DIVERSIFIED MUTUAL FUND SCHEMES IN INDIA

GYAN PARKASH AGARWAL¹*, UPASANA SRIVASTAVA^2
1Department of Management, Mewar University, Chittorgarh, 312901, Rajasthan
²Department of Management, Mewar University, Chittorgarh, 312901, Rajasthan
* Corresponding Author : gyanprak2006@yahoo.com

Received : 27-10-2016     Accepted : 23-11-2016     Published : 14-12-2016
Volume : 7     Issue : 3       Pages : 276 - 277
Int J Econ Bus Model 7.3 (2016):276-277

Keywords : Equity diversified mutual fund
Conflict of Interest : None declared
Acknowledgements/Funding : Author thankful to Department of Management, Mewar University, Chittorgarh, Rajasthan
Author Contribution : Equal Contribution

In the year 1963, with the formation of Unit Trust of India the mutual fund industry in India was started. This led to growth of mutual fund industry in India and as growth of companies from 1 to 42 companies in number. These mutual fund companies gave wide investment choice for the new investors with the wide variety of schemes. Also this wide variety of funds equity diversified fund is considered as substitute for direct stock market investment. Finally, careful evaluation using appropriate performance measures will lead the new investor in selecting the best funds.