Journal Press India^®

Author Details ( * ) denotes Corresponding author

Indians always wanted a hand-in-hand supporter and an advisor for parking their hard-earned money. Direct investments in capital market are like a stranger to the Indians. This led to the sprouting of mutual fund industry. Mutual funds are professionally managed investment funds which pool money from many investors and invest them in shares and securities. The investment decision of mutual fund is professionally managed by the fund managers. With those investments the mutual fund generates returns which are passed back to the investors. The mutual fund schemes in India are mushrooming every year. The intensity of competition among the mutual fund companies are at the peak. This made the researcher to analyse the level of competition among 51 equity mutual fund schemes using concentration ratio. The researcher made used of asset under management values to gauge the competition level. Overall, the findings revealed that there is high level of competition prevailing in the Indian mutual fund industry.

Keywords

Mutual fund; Asset under management; Concentration ratio; Equity; Herfindahl-Hirschman index

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