The article examines the return distribution of select mutual fund schemes across various Asset Management Companies in India.

According to the Association of Mutual Funds in India (AMFI), the history of mutual funds in the country can be split into four phases. The first phase (1964-87) saw the establishment of Unit Trust of India (UTI) and commencement of its operations. The second phase, spanning the years 1987-93 marked the entry of public sector funds. The period between 1993-2003 or the third phase witnessed the entry of private sector funds. The fourth phase began in 2003 and witnessed the bifurcation of UTI into two separate entities, viz., The specified undertaking of UTI and UTI Mutual Fund Ltd. The following Table shows the details of entry of various players and the net resources raised by them. Figure 1 gives the phase-wise growth in management of assets by mutual funds in India.

It can be observed from the above table and Figure 1, that there has been considerable growth in net resources raised by the mutual funds in India. For investors, this is an opportunity to derive higher returns, and currently they have quite a few options to choose from in terms of Asset Management Companies (AMCs) and schemes to diversify their portfolios and minimize risk. They can also choose between private sector and public sector funds.

Researchers have analyzed this market and a few notable papers in this area include Rao, Shrivastava and Ramachandra (2005), Ray and Vani (2005), Ferruz and Ortiz (2004), Narayan Rao (2005), Verma (2007) and Sharma (2007).

Portfolio Organizer Magazine, Periodic Variation, Mutual Fund Performance, Asset Management Companies, Association of Mutual Funds in India, AMFI, UTI Mutual Fund, Unit Trust of India, UTI, Life Insurance Corporation of India, LIC, Kotak Mahindra Bank, KOTAK, Housing Development Finance Corporation, HDFC, Retail Investors, Indian Investors.