ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Myopic Investment View of the Indian Mutual Fund Industry

Since the majority of mutual fund investors are salaried individuals, the MF industry should have a long-term investment horizon. However, the data from all mutual funds for December 2007-May 2008 and December 2008-May 2009 reveals that the industry has adjusted its position on a short-term basis in tandem with the short-term volatility of the market. The findings substantiate the observation that there is an urgent need to set up an audit committee for this industry.

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