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Document Type
Article
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.
Recommended Citation
Goel, Shobhit and Kumar, Pawan
(2024)
"Indian Mutual Fund Industry: Is 2014 a Turning Point?,"
Bulletin of Monetary Economics and Banking: Vol. 27:
No.
3, Article 6.
DOI: https://doi.org/10.59091/2460-9196.2285
Available at:
https://bulletin.bmeb-bi.org/bmeb/vol27/iss3/6
First Page
527
Last Page
556
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Country
India
Affiliation
Reserve Bank of India