( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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IMPACT OF TAX SAVING SCHEME ON PERFORMANCE OF MUTUAL FUND

    2 Author(s):  PRIYANKA BHADORIYA ,DR HARISH AGRAWAL

Vol -  10, Issue- 8 ,         Page(s) : 140 - 160  (2019 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Mutual fund play a vital role in investment decisions. Mutual fund is a type of financial instrument by which the fund collects the money from many investors to invest in securities. Mutual fund operated by fund managers who allocate the fund’s asset and attempt to produce capital gains or income for the fund investors. While investing in mutual funds can be beneficial, selecting the right fund can be challenging. Hence, investors should do proper due diligence of the fund and take into consideration the risk-return trade-off, time horizon and their investment objectives or consult a professional investment adviser. Further, in order to achieve maximum benefit from mutual fund investments, it is important for investors to diversify across different categories of funds such as equity, debt and gold. Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of March 2019 stood at ₹ 24,58,016 crore. Assets under Management (AUM) as on March 31, 2019 stood at ₹23, 79,584 crore. The AUM of the Indian MF Industry has grown from ₹ 4.17 trillion as on 31st March, 2009 to ₹23.80 trillion as on 31st March, 2019, more than 5 ½ fold increase in a span of 10 years

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