Rupam Ojha, Dr. Ashu Bhojwani


In the current scenario, mutual funds are attaining immense popularity and drawing the attention of investors at large to invest in various securities through the expertise and knowledge of qualified professionals. Mutual funds are key contributors to the globalization of financial markets and one of the main sources of capital flows to emerging economies. Despite of their importance in emerging markets, little is known about their investment allocation and strategies. The Mutual fund industry in India is more than five decades old. In 1964 the first asset management company (AMC) was established in India: Unit Trust of India (UTI). Unit Scheme 1964 (US-64) was the first scheme launched by UTI in 1964 followed by Mastershare in 1986. As the mutual fund industry gained momentum, the Indian market witnessed the setting up of many public sector mutual funds from 1987. The objective of this study is to analyse the performance of growth oriented equity mutual funds of India


Growth, Mutual Funds, Investor, AMC, Securities

Full Text:



i.Angol, “Role of Self-Regulatory Organisation in Mutual Fund Industry in India”, Chartered Financial Analyst, Vol.7(1), 1992,p11.

ii.Ansari (1993), “Mutual Funds in India: Emerging Trends”, The Chartered Accountant, Vol. 42(2), pp. 88-93.

iii.Ansari, “Mutual Funds in India: Emerging Trends”, The Chartered Accountant, Vol. 42(2), (August 1993), pp.88-93.

iv.Bansal L. K. (1991), “Challenges For Mutual Funds In India”, Chartered Secretary, Vol. 21(10), pp. 825-26.

v.Fama, Eugene F. (1972), “Components of Investment performance,” Journal of Finance, Vol. 27(3), pp. 551-67.

vi.Jensen Michael C., "The Performance of Mutual Funds In the Period 1945-1964", Journal of Finance, 23, 2011, pp. 389-416.

vii.Kale and Uma, “A Study On The Evaluation Of The Performance Of Mutual Funds In India”, National Insurance Academy, Pune, India (1995).

viii.Krishnamurthi S. (1997), “Genesis of Mutual Funds in India”, Vision Books, New Delhi.

ix.Lal C and Sharma Seema, “Mutual Fund-A Buoyant Financial Instrument”, Finance India, Vol. VI (4) (December 1992), pp.811-18.

x.Meyer (1977), “Further Applications of Stochastic Dominance to Mutual Fund Performance”, Journal of Financial and Quantitative Analysis, Vol 12917-924.

xi.Rao, D.N. & Rao, S.B. (2009), “Investment patterns and Its Strategic Implications for Fund Managers: An Empirical Study of Indian Mutual Funds Industry”

xii.Saha Asish and Rama Murthy Y Sree, “Managing Mutual Funds: Some Critical Issues”, Journal of Social and Management Science, Vol. XXII (1), (1993-94), pp.25-35.

xiii.Sahu R K and Panda J, “The Role And Future Of Mutual Funds In India”, Management Accountant, (February 1993) pp. 91-3.

xiv.Sahu R K, “A Critical Review of the Mutual Fund Regulations”, Chartered Secretary, Vol.22(12), (December 1992), pp. 1076-1078.

xv.Sahu R. K. (1992), “A Critical Review of the Mutual Fund Regulations”, Chartered Secretary, Vol. 22(12), pp. 1076-1078.

xvi.Sarkar A. K. (1991), “Mutual Funds in India - Emerging Trends”, The Management Accountant, Vol. 26 (3), pp.171-174.

xvii.Shome, “A Study of Performance of Indian Mutual Funds”, unpublished thesis, Jhansi University, (1994).

xviii.Shukla and Singh , “Are CFA Charter Holders Better Equity Fund Managers”, Chartered Financial Analysts, Vol. 2, (1994), pp.68-74.

xix.Shyama Sundar P.V., "Growth Prospects of Mutual Funds and Investor Perception with Special Reference to Kothari Pioneer Mutual Fund", Project Report, Sri Srinivas Vidya Parishad, Andhra University, Visakhapatnam, 1998/

xx.Venugopalan S, “Mutual Funds”, Chartered Secretary, Vol. XXII (8), (August 1992), pp.691- 694.

xxi.Vidhyashankar S. (1990), “Mutual Funds: Emerging Trends In India”, Chartered Secretary, Vol. 20(8), pp.639-640.

xxii.Yadav R. A., and Mishra, Biswadeep (1996), “Performance Evaluation of Mutual Funds: An empirical analysis”, MDI Management Journal, Vol. 9(2), pp.117-125.


  • There are currently no refbacks.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright © 2019 International Educational Applied Scientific Research Journal