Retail Investors and Mutual Funds in India

Abstract

Despite the passage of over 24 years since economic liberalisation, mutual funds are still not popular among the masses. Financial awareness holds the key to greater market penetration. The economic liberalisation of the early 1990s paved the way to develop the financial securities market in India. Several alternative investment products were introduced in the market besides the traditional ones, and mutual funds evolved as a new instrument for investors in the post-liberalisation era.