Performance of Mutual Funds in India: A Study with Reference to Select Equity Multi-Cap Funds

S Kumar Das, S Das, S Seth - Management Journal for Advanced …, 2023 - papers.ssrn.com
S Kumar Das, S Das, S Seth
Management Journal for Advanced Research, 2023papers.ssrn.com
Abstract Indian Mutual Fund Industry has witnessed enormous expansion in terms of growth
of Assets under Management (AUM), from a meagre Rs. 25 crores in 1964 to Rs. 36.59 lakh
crores in August 2021. Equity Multi-cap mutual funds tend to invest in stocks of companies
across the stock market irrespective of sector and size. As a result, these funds provide much-
needed diversification. In a direct plan, the investor decides to invest directly in mutual funds
without routing the investment through any distributor or agent. Due to the absence of an …
Abstract
Indian Mutual Fund Industry has witnessed enormous expansion in terms of growth of Assets under Management (AUM), from a meagre Rs. 25 crores in 1964 to Rs. 36.59 lakh crores in August 2021. Equity Multi-cap mutual funds tend to invest in stocks of companies across the stock market irrespective of sector and size. As a result, these funds provide much-needed diversification. In a direct plan, the investor decides to invest directly in mutual funds without routing the investment through any distributor or agent. Due to the absence of an intermediary commission, the direct plan has a lower expense ratio than a regular plan which leads to higher returns.
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