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INTRODUCTION:

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COMPANY PROFILE.
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The mutual fund industry is a lot like the film star of the finance business. Though it is perhaps the
smallest segment of the industry, it is also the most glamorous ± in that it is a young industry where there
are changes in the rules of the game every day, and there are constant shifts and upheavals. The mutual
fund is structured around a fairly simple concept, the mitigation of risk through the spreading of
investments across multiple entities, which is achieved by the pooling of a number of small investments
into a large bucket.

The mutual fund industry in india started in 1963 with the formation of unit trust of india, at the initiative of
the government of india and reserve bank. The Indian MF industry has rs.5.67 lakh crore of assets under
management. As of now, there are 33 fund houses in the country including 16 joint ventures and 3 wholly
owned foreign asset managers. According to a recent McKinsey report, the total AUM of the Indian
mutual fund industry could grow to $350-440 billion by 2012, expanding 33% annually. While the revenue
and profit (PAT) pools of Indian AMC¶s are pegged at $542 million and $220 million respectively, it is at
par with fund houses in developed economies. Operating profits for AMC¶s in India, as a percentage of
average assets under management, were at 32 basis points in 2006-07, while the number was 12 bps in
UK, 17 bps in Germany and 18 bps in the US, in the same time frame.

The most important trend in the mutual fund industry is the aggressive expansion of the foreign owned
mutual fund companies and the decline of the companies floated by the nationalized banks and smaller
private sector players.

Mutual funds are operated by the AMC constructed by the banks or any other financial organizations. For
this purpose, trust is being set up and this trust looks after the proceedings of the mutual funds.
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TOPIC AND RESEARCH REASON:
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