The Indian Mutual Fund Industry A Comparative Analysis of Public vs Private Sector Performance

Mutual funds are an emerging and popular investment option. They were established to pool the resources of small investors and capital markets to aid industrialization. The mutual fund industry imparts formal identity, provides access to the payments system as well as to a savings safety net. More recently, the Indian government has focussed on establishing the basic right of every person to have access to affordable basic financial services offered by banking and non-banking companies.

Dr. Sekhar presents an overview of investment patterns for both public and private sector mutual funds, and analyses the performance of selected schemes using various measures of risk. He traces the trend in growth of mutual funds and the changes in regulatory measures of the mutual fund industry in India. He examines the factors influencing the resource mobilization patterns of mutual funds during the post-liberalization period and makes projections up to 2020. He examines the investment behaviour of mutual funds and evaluates the performance of various schemes of mutual funds by employing Sharpe, Treynor and Jenson models. He also suggests suitable measures for the strengthening of mutual funds in India. The book offers comprehensive knowledge on the mutual fund industry in India and provides ready-made practical information for investors.

Dr. Satya Sekhar is Assistant Professor in the Department of Finance at GITAM University, India. He has 18 years of teaching and research experience and has published 30 articles and five textbooks on finance. He is a member of the editorial advisory board for the International Higher Education Teaching and Learning Association, USA. He is also a reviewer for the Journal of Risk Finance.

1. Introduction
2. Objectives, Methodology and Review of Literature
3. Resource Mobilization Patterns and Projections for the Mutual Fund Industry in India
4. Investment Pattern and Investors' Composition Analysis
5. Performance Evaluation of Mutual Funds
6. Investors' Behaviour: Survey Findings