Every industry changes at the different moment of its existence. Sometimes the changes are fast, sometimes they are painfully slow. The Indian mutual fund industry too has gone through its share of transformations. Since the launch of the first mutual fund in India in the year 1964, it took 23 years for more companies to come out with mutual fund product. Nevertheless, in the last one decade, we are witnessing a stupendous change in the mutual fund industry.
China’s sudden stock rally sucks money from India, other Asian markets
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