INDIAN MUTUAL FUND INDUSTRY: IS 2014 A TURNING POINT?

Shobhit Goel () and Pawan Kumar ()
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Shobhit Goel: Reserve Bank of India, India
Pawan Kumar: Reserve Bank of India, India

Bulletin of Monetary Economics and Banking, 2024, vol. 27, issue 3, 527-556

Abstract: Indian Mutual Fund Industry has experienced a nearly 40-fold increase in assets under management since the start of the 21st century, which has implications for the financial sector and the wider economy. Using structural break models, we identify 2003-08 as a nascent growth phase followed by a tepid growth phase in the post-global financial crisis period. Since 2014, the industry has experienced accelerated growth, outpacing global peers, driven by consistent individual investor inflows in equity and hybrid categories. Supportive regulatory policies introduced in 2012-13, we argue, have boosted the industry’s growth.

Keywords: Financial markets; Mutual funds; India (search for similar items in EconPapers)
JEL-codes: G11 G14 G23 G41 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:27:y:2024:i:3f:p:527-556

DOI: 10.59091/2460-9196.2285

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