Main Article Content
The history of mutual funds dates support to 19th century when it was introduced in Europe, in particular, Great Britain. Robert Fleming set up in 1868 the first investment trust called Foreign and colonial investment trust which promised to manage the finances of the moneyed classes of Scotland by scattering the investment over a number of different stocks. This investment trust and other investment trusts which were afterward set up in Britain and the U.S., resembled today’s close – ended mutual funds. The first mutual fund in the U.S., Massachusetts investor’s trust, was set up in March 1924. This was the open – ended mutual fund.
- 1. Carlson. (1970). Aggregate Performance Of Mutual Funds. The Journal Of finance and Qualitative Analysis, 5(1), 1-31.
- 2. Dr. Sarita Bahl, &. M. (2012). A COMPARATIVE ANALYSIS OF MUTUAL FUND SCHEMES IN INDIA. Internaitonal Journal Of Marketing, Financial Services & Management Research, 1(7).
- 3. Dr. Shantanu Mehta, C. S. (2012). Preference of Investors for Indian Mutual Funds and its Performance Evaluation. International Pacific Business Review, 3(5).
- 4. Jatinder Loomba. (2011). Investigating Performance of Equity-Based Mutual Fund Schemes and Comparison with Indian Equity Market. Asian Journal Of Research in Banking and Finance, 1(3), 94-111.
- 5. Kuah Kean Lam. (2008). Factor Affecting People investing in Mutual Fund.
- 6. McDonald, J. (1997). Objectives and Performance of Mutual Funds, 1960-1969. Journal Of Finance And Quantitative Analysis, 10(2), 311-333.
- 7. Palanisamy, A. S. (2012). Investment Pattern in Debt Scheme of Mutual funds-An Analytical Study. IJMIE, 2(3), 285-301.
- 8. S. Poornima, R. K. (2013). Performance Analysis of Growth Oriented Equity Diversified Mutual Fund. 1(8), 27-35.
- 9. Sahil Jain, A. G. (2012). Analysis Of Equity Based Mutual Fund in India. Journal Of Business & Management, 2(1), 1-55.
- 10. Sharpe. (1966). Mutual Fund Performance. The Journal Of Business, 39(1), 119-138.