Mutual Funds have the potential for organic growth. Participants in this market must become the opportunity-seeking missiles exploring path breaking initiatives to lead the revolution.

Mutual Funds (MFs) play an extremely crucial role in an economy. They are the vehicles for mobilization and channelization of funds towards the securities market, which have become barometer of an economic health. In India, MFs have shown continuous improvement in terms of the quantum under their management over the last couple of years. Total Net Assets of the MFs have grown from Rs. 68,193.08 cr in 1998-99 to Rs. 121,039.70 cr as on August 31, 2003.

Along with a host of advantages in terms of diversification of risk among the investors and resource pooling benefits, MFs impart required expertise and technical capabilities to the investors. They provide a structured approach to investments, which is expected to offer investors a return better than the market return.

Today, in any market, industry boundaries have become fluid beyond anyone's imagination. Crazy guys are demolishing industry boundaries on continuous basis to explore the values buried in their interlinkages. Presence of these mavericks in the marketplace has made the bloodbath almost a virtual phenomenon everywhere. These non-linear guys are trying to redefine the marketplace by their path-breaking innovative approaches to the industry paradigms, wherever possible. Therefore, industries are expanding their horizons and marrying their neighbors to create the opportunity zones without limitations.

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