Mutual Funds have been in vogue as an investment class ever since their introduction in the 1960s with UTI introducing the first Mutual Fund in India. It has undergone a sea of changes and upgrades since those days, with public sector banks and other NBFCs throwing their hat in the ring as the years went by. The first private sector funds were set up in 1993, and this coincided with greater awareness among the general public about investing in Mutual Funds.
Currently, there are more than 40 AMCs in India that offer 1000+ MF schemes. Mutual Funds are currently offered in 2 forms – Direct Plan and the Regular Plan. This was based on how a customer invested in the Fund, either directly or through a distributor. This segregation, or rather the additional choice that the investor community was given, surfaced only in Jan 2013. Up until then, an investor would compulsorily have to approach a distributor in order to invest […]