Mutual Funds, the term was unfamiliar to the Indians until 1963. The launch of first mutual fund scheme by United Trust of India provided a new and better way of investment to the Indians, especially to the middle-class. Over the past years, the mutual fund industry has grown drastically and crossed the benchmark of Rs. 25 Lakh Crore in the month of April, 2019 (as per the data published by AMFI).