History of Mutual Fund

June 21st, 2025 Mutual Funds
History of Mutual Fund

Many people find investing in the stock market to be complicated and risky. This feeling is natural for beginners because they lack sufficient knowledge about the market. As a result, they miss out on opportunities to earn good returns from investments. For such individuals, mutual funds offer a simple, easy-to-understand, and less risky alternative. A mutual fund is a financial product where money from several investors is pooled together and managed by a professional fund manager. This money is then invested in various assets like stocks, bonds, and other securities.

Before we explore how mutual funds work? and how to invest in them. it’s important to understand the history of mutual funds.

 

  • Global History Of Mutual Funds:

 

  1. 1774: The first modern mutual fund was launched in the Netherlands.

 

  1. 1924: MIT (Massachusetts Investors Trust) first mutual fund in the US.

 

  1. 1930: Great Depression affected the mutual fund industry and law reform in 1940

 

  1. 1940-1950: Increase in popularity of mutual funds after the war.

 

  1. 1970: Index funds (Vanguard) launched under the guidance of John Bogle.

 

  1. 1980-1990: During this period, mutual funds became important for retirement plans.

 

  1. 2000: Digital platform revolution and global growth in mutual funds.

 

  • History Of Mutual Funds in India:

 

  1. 1963: Unit Trust of India (UTI) - India's first mutual fund.

 

  1. 1987: Establishment of the Securities and Exchange Board of India (SEBI).

 

  1. 1993: HDFC, ICICI, and Birla Sun Life enter the mutual fund sector in India.

 

  1. 1996: Transparency and investor protection for mutual funds by SEBI.

 

  1. 2000: Increasing retail investor participation, SIPs and increasing financial literacy.

 

  1. 2010: Digital platforms, ETFs and increasing awareness.

 

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  • Conclusion:

Mutual Funds, which were started by UTI in 1963, have become a major investment vehicle today. The growth of Mutual Funds in the last few decades is very remarkable. Based on the rules and regulations made by SEBI and advancements in technology in India, the number of Mutual Fund customers has reached up to 5 crore by the end of 2024, and the value of AUM (Asset under management) from different Mutual Fund companies has reached Rs. 68 lakh crore.

 

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