Mutual Fund came in India with the establishment of Unit Trust of India in 1964 with the view to provide a wider choice to small investors. The Government of India amended Banking Regulation Act in 1987 to permit commercial banks to launch mutual funds in India. Considering the fact that the...

The Indian capital market also witnessed a significant institutional development in the form of a diversified structure of mutual fund in the last decades. A wide variety of mutual funds schemes have also been developed by the fund-managers to attract the investors. Tax-saving mutual funds are...