In India, the mutual fund market is one of the fastest growing markets. It is also improving greatly year by year. The mutual fund market industry manages a great amount of money since it has grown in size.
A mutual fund is bought by a group of people with the same idea of how much money they want to earn. They all purchase shares and when the fund makes money, the profit is split among them. Investing in a mutual fund gives a good opportunity to gain a lot of profit and only spend a little bit of money.
India has a very active market that is preparing itself for becoming an overseas market for investing around the world. A person who is looking to invest in India has more of a opportunity to make profit if they are looking to invest long term over short term. India is the fifth largest economy in the world. It also has the most profiting potential in all fields of work and investment.
There are 4 phases that India went through involving mutual funds. The first phase started in 1964 and ended in 1987. The second phase started in 1987 and ended in 1993. This second phase was also known as the start of Public Sector Funds. The third phase started in 1993 and ended in 2003. This third phase was also known as the start of Private Sector Funds. The forth phase started in 2003 and is still active today.
There are an abundance of companies involving mutual funds. Infact there are many NRI advisers or investment companies in India that can assist non resident Indians living abroad to invest in top mutual funds of India. We have listed some of them for you: ABN AMRO Mutual Funds, Mutual Funds, HDFC Mutual Fund, HSBC Mutual Funds, Prudential ICICI Mutual Funds and State Bank of India Mutual Funds.