Mutual funds investments have come a long way in the country. Starting with just one AMC, UTI Mutual Fund, in 2003, today there are 37 fund houses with the investing habit truly entrenched in urban India and gradually gaining ground in tier 2 and 3 cities.
The shift towards financial assets from real assets such as real estate, land and gold is reflected in the ever-increasing fund flow into mutual funds through systematic investment plans (SIP) and lump-sum investments.
