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Indian Mutual Fund Industry: Is 2014 A Turning Point?

Author

Listed:
  • Shobhit Goel

    (Reserve Bank of India, India)

  • Pawan Kumar

    (Reserve Bank of India, India)

Abstract

Indian Mutual Fund Industry has experienced a nearly 40-fold increase in assets under management since the start of the 21st century, which has implications for the financial sector and the wider economy. Using structural break models, we identify 2003-08 as a nascent growth phase followed by a tepid growth phase in the post-global financial crisis period. Since 2014, the industry has experienced accelerated growth, outpacing global peers, driven by consistent individual investor inflows in equity and hybrid categories. Supportive regulatory policies introduced in 2012-13, we argue, have boosted the industry’s growth.

Suggested Citation

  • Shobhit Goel & Pawan Kumar, 2024. "Indian Mutual Fund Industry: Is 2014 A Turning Point?," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 27(3), pages 527-556, July.
    • Handle: RePEc:idn:journl:v:27:y:2024:i:3f:p:527-556
    DOI: https://doi.org/10.59091/2460-9196.2285
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Financial markets; Mutual funds; India;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets

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