Safety considerations in mutual fund investments: An empirical overview
This study was conducted among the mutual fund investors to know future prospective of their financial plan and evaluated their awareness about mutual funds schemes and preference. The mutual fund schemes and plans are like an ocean to fetch a pearl in their history. Mutual funds have started in India in 1964. The first scheme was Unit Scheme introduced in the year 1964. In that year UTI has the monopoly over the mutual fund industry up to 1987. In 1987 government institutes were allowed to start mutual funds operations. In 1993 it has opened for private sector. The regulations on mutual funds came in the year 1996. Today there are near about 42 mutual funds companies operated in India. Moreover government is doing every effort to promote the mutual funds in India. In 1999 it has exempted the all dividend incomes in the hands of investors fully tax free. As of 31 December 2013, the Indian mutual fund industry manages assets worth approximately Rs.8,76,522crores. Investors are the principal to invest their money in mutual funds and fund managers are played their money with effective return. Well structured questionnaire was circulated among mutual fund investors and to collected 125 investor’s respondents, Convenience sampling method used to collect the samples. Data source used to describe the interpretation with the help of statistical package of social sciences.