Indian Mutual Fund Industry: Is 2014 a Turning Point?

Authors

Shobhit Goel, Reserve Bank of IndiaFollow
Pawan Kumar, Reserve Bank of IndiaFollow

Document Type

Article

Abstract

Indian Mutual Fund Industry has experienced a nearly 40-fold increase in assets under management since the start of the 21^st 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