IDEAS home Printed from https://ideas.repec.org/a/eur/ejesjr/110.html
   My bibliography  Save this article

Comparative Performance Analysis of Public Sector Sponsored and Private Sector Sponsored Mutual Funds in India

Author

Listed:
  • Anupam Thakuria

    (Associate Professor, Dept. of Economics, North Gauhati College, Guwahati (Assam))

  • Shikha Kashyap

Abstract

The concept of mutual funds in India dates back to the year 1963. The era between 1963 and 1987 marked the existence of only one mutual fund Company in India, namely the Unit Trust of India (UTI), with Rs. 67 billion assets under management (AUM). Few other mutual fund companies entered the mutual fund market later on. The private sector funds started penetrating the fund families during 1993. Kothari Pioneer was the first private sector mutual fund company in India which has now merged with Franklin Templeton. By the end of 1993, the total AUM of the industry was Rs. 470. 04 billion. Just after ten years with private sector penetration, the total assets rose up to Rs. 1218. 05 billion and till 2004, it reached the height of 1540 billion. The total AUM of the mutual fund industry has risen up to 14000 billion in April, 2016. Today there are 43 mutual funds in India offering a number of schemes suited to the needs of different type of customers. It has been noticed that the private sector mutual funds have been taking more risks and have also been able to gain higher returns on an average. This paper tries to highlight the comparative performance of public and private sector mutual funds and also throw light on the scope of the existing potential of the fund market in the face of traditional risk aversion of the investors and huge rise in financial assets.

Suggested Citation

  • Anupam Thakuria & Shikha Kashyap, 2017. "Comparative Performance Analysis of Public Sector Sponsored and Private Sector Sponsored Mutual Funds in India," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, ejes_v3_i.
    • Handle: RePEc:eur:ejesjr:110
    DOI: 10.26417/ejes.v7i1.p7-16
    as

    Download full text from publisher

    File URL: https://brucol.be/index.php/ejes/article/view/5327
    Download Restriction: no
    File URL: https://brucol.be/files/articles/ejes_v3_i1_17/Anupam.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.26417/ejes.v7i1.p7-16?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Atsuyuki KATO, 2019. "Exchange Rates and Intra- and Inter-Firm Trade in Japan," Discussion papers 19082, Research Institute of Economy, Trade and Industry (RIETI).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eur:ejesjr:110. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Revistia Research and Publishing (email available below). General contact details of provider: https://revistia.com/index.php/ejes .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.