The Indian financial market is growing fast by channelizing house hold savings through various investment avenues, among which mutual funds become more popular in recent times. The growth of the mutual fund market depends on the investment environment of the country. There are several macroeconomic factors influences the investment environment, which in turn helpful for assessing the market risk and investment desirability. The present paper aim to study the influence of select macro-economic factors on investment in Indian mutual funds market. The data pertaining to the select macroeconomic variables gathered from secondary sources for a period of 28 years (1990-91 to 2017- 18). The causal relationship between select macro-economic variables and their influence on the Mutual funds market has been analyzed by using descriptive statistics with suitable test statistics, correlation matrix, Augmented Dickey-Fuller (ADF) test, and Granger causality test. The study results conclude that the select macroeconomic variables do not have any significant influence on investments in Indian Mutual funds market for valid market predictions and worthwhile investment decisions.
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