Asset management industry provides services and investment products to diverse clients such as individuals, corporations, government pension funds, provident and pension funds with various investment goals. Moreover, asset management plays an important role in saving and investment activities. Asset management services ranging from private investment fund for high net worth investors, provident and pension funds for the systematic long term investment and mutual funds for individuals with constraints in time, information, investment knowledge, and market sentiments. Mutual funds play an essential role in channeling excess resources such as savings in the economy of both individual and institution.
