Mutual fund industry in India was opened to private sector in July 1993, providing investors a wider options. For the first time, mutual fund regulations came into force in the same year. The 1993 regulations were substituted by a more comprehensive mutual fund regulation in 1996. The industry now functions under Mutual Fund Regulations 1996. Here are some key reforms that had a huge impact on mutual funds.
August 1995: Association of Mutual Funds Industry (AMFI) was f ..
