MUTUAL FUNDS INDUSTRY RISING DESPITE SLUMP
Despite decline in overall assets managed by Indian Mutual Fund Industry, it is growing. The loss of investor confidence is only a temporary phenomenon for mutual fund industry and it expects to win over its lost investors gradually with the recovery of Indian economy and equity markets.
Due to this confidence only mutual fund industry is launching new schemes, despite the fact that the existing and well established schemes are finding it difficult to sell.
Till now in this financial year 5 equity schemes have been launched which is almost double of what was launched in last year in this period. Of the five three have been launched in this month of June only.