A Study on the progressive of SBI mutual fund scheme

Abstract

Although a large number of studies have been carried out on the growth and financial performance of mutual funds in India (Boston Analytics, 2010), (PWC, 2013), not much light has been shed on the causes for the low penetration of mutual funds outside the top fifteen cities. There is research looking at the causes for the variation of mutual funds industry across developed countries. However, such work typically does not differentiate between the various regions of the nations included (Khorana et al., 2005). While such studies may help policymakers in determining the ideal inter-regional macroeconomic conditions to develop a healthy mutual fund industry, they rarely explain the differences in mutual fund penetration within a country.