Abstract
The management of mutual funds is a multidimensional idea. It can be understood in relation to the four pillars of mutual funds: corporate governance, benchmarking, asset management and portfolio management, in addition to the active role of the fund manager. The concept of mutual funds was conceived to pool the resources of small investors and deploy them in the capital markets to help industrialization, through participation in equity and debt instruments. The mutual fund industry imparts formal identity, provides access to the payments system and to safety net-like savings deposit insurance. More recently, the focus of the Indian government has been on establishing the basic right of every person to have access to affordable basic financial services offered by banking and non-banking companies.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
Robert O Edmister (1980), Financial Institutions Markets and Management, McGraw Hill.
- 2.
Harry C Sauvan (1973), Investment Management, Prentice Hall Inc., 4th edn.
- 3.
Investment Companies report by U.S. Securities and Exchange Commission, Dec, 2007.
- 4.
Rajan Mehata (2003), ‘Indian Mutual Fund Industry-Challenging Issues’, Chartered Financial Analyst, December, pp. 32–33.
- 5.
Mark Carhart (1997), ‘On Persistence in Mutual Fund Performance, Journal of Finance, March, 56–82.
- 6.
Mathur KBL (2004), ‘Regulation of India’s Financial Sector: The State’s Role’, Economic and Political Weekly, 20 March, pp. 1253–58.
- 7.
Vyuptakesh Sharan (2007), ‘Reforming Mutual Funds in India’, Indian Journal of Commerce, 60(4), October–December, pp. 77–87.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2017 The Author(s)
About this chapter
Cite this chapter
Sekhar, G.V.S. (2017). Introduction. In: The Management of Mutual Funds . Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-34000-5_1
Download citation
DOI: https://doi.org/10.1007/978-3-319-34000-5_1
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-33999-3
Online ISBN: 978-3-319-34000-5
eBook Packages: Economics and FinanceEconomics and Finance (R0)