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Indian Mutual Funds  
Mutual Fundas 1234567890123456789012345678 Introduction
Key Points to remember
How Mutual Funds Work
  • Advantages
  • Disadvantages
    Different Types of Funds
  • Money Market Funds
  • Bond Funds
  • Stock Funds
    Buying and Selling Funds
    How Funds Can Earn Money
    Factors to Consider
  • Fees
  • Opering Expenses
  • Classes of Funds
  • Tax Consequences
    Avoiding Common Pitfalls
  • Sources of Information
  • Past Performance
  • Beyond_Name
  • Banks Product verses Mutual Funds
    Cost Calculator
    Related Reference
  • Index Funds
  • Other Investment Types
  • Hedge Funds
  • Money Market
  • Exchanging Shares
  • Derivatives
  • No-Load Funds
  • Tax Exempt Funds
  • Breakpoint

  • Indian Mutual Funds
  • ABN Amro Mutual Fund
  • Alliance Capital Mutual Fund
  • Benchmark Mutual Funds
  • Birla Sun Life Mutual Fund
  • BOB Mutual Fund
  • Canbank Mutual Fund
  • Cholamandalam Mutual Fund
  • Deutsche Mutual Fund
  • DSP Merill Lynch Mutual Fund
  • Escorts Mutual Fund
  • Fidelity Mutual Fund
  • GIC Mutual Fund
  • HDFC Mutual Fund
  • HSBC Mutual Fund
  • ING Vysya Mutual Fund
  • JM Financial Mutual Fund
  • Kotak Mahindra Mutual Fund
  • LIC Mutual Fund
  • Morgan Stanley Mutual Fund
  • Principal PNB Mutual Fund
  • Prudential ICICI Mutual Fund
  • Reliance Cap Mutual Fund
  • Sahara Mutual Fund
  • SBI Mutual Fund
  • Shriram Mutual Fund
  • Standard Chartered Mutual Fund
  • Sundaram Mutual Fund
  • Tata Mutual Fund
  • Taurus Mutual Fund
  • Templeton Mutual Fund
  • Unit Trust of India
  • UTI Mutual Fund
  • In India the Mutual Fund industry started from the creation of the Unit Trust of India (UTI) in 1963 with their first scheme called the Unit Scheme'64, in the year 1964. UTI mobilised Rs 100 crore by 1978 and Rs 1,000 crore by 1985 under this scheme.

    Other Indian banks launched their own Mutual Fund schemes during the period 1987 to 1990. With the 1992-93 markets crash, the Mutual Funds industry booked heavy losses and the industry's image took a massive beating. 1992 saw the setting up of the Securities and Exchange Board of India (SEBI), which is a regulatory authority, one of the functions being supervision of Mutual Funds.

    NRIs can invest in all Indian Mutual Fund schemes either from their repatriable or non-repatriable accounts. In case of investment from repatriable accounts, the original investment, the capital gain earned on sale of the units and all dividend income is fully repatriable. In case of investment from non-repatriable accounts, the NRI cannot take any of his money out of the country. No specific RBI permission is required by the NRI for his investment.