Submitted by Financeman on May 28, 2008 - 11:21pm.
Mutual Funds have been in vogue for quite some time in US and other western countries, but in India, mutual funds hasent yet reached the grassroot level. The buyers of mutual funds are mostly restricted to the younger generation of people and people who know about equity and stocks.
Although, the above statement may not be entirely true, but the reach of MF (abbreviation for Mutual Funds) has been comparatively small.
Worst of all, people from rural areas are hardly aware of something like mutual funds.