GYAN PARKASH AGARWAL1*, UPASANA SRIVASTAVA2
1Department of Management, Mewar University, Chittorgarh, 312901, Rajasthan
2Department of Management, Mewar University, Chittorgarh, 312901, Rajasthan
* Corresponding Author : gyanprak2006@yahoo.com
Received : 27-10-2016 Accepted : 23-11-2016 Published : 14-12-2016
Volume : 7 Issue : 3 Pages : 276 - 277
Int J Econ Bus Model 7.3 (2016):276-277
Keywords : Equity diversified mutual fund
Conflict of Interest : None declared
Acknowledgements/Funding : Author thankful to Department of Management, Mewar University, Chittorgarh, Rajasthan
Author Contribution : Equal Contribution
In the year 1963, with the formation of Unit Trust of India the mutual fund industry in India was started. This led to growth of mutual fund industry in India and as growth of companies from 1 to 42 companies in number. These mutual fund companies gave wide investment choice for the new investors with the wide variety of schemes. Also this wide variety of funds equity diversified fund is considered as substitute for direct stock market investment. Finally, careful evaluation using appropriate performance measures will lead the new investor in selecting the best funds.