Analyzing the retail investor's expectation from their fiduciary with respect to Mutual Fund Investors

Over the past decades there are few changes in the law of fiduciary but the economic and market environment in which the fiduciary law applies has changed drastically. Various factors such as globalization, population growth and natural resource scarcity, internet, social media, changing community and stakeholder’s norm impacted significantly to the evolution of the fiduciary duty. There is need to study the fiduciary duty as the duties have not changed much but has gained more importance in the volatile world and secondly The Indian Mutual fund industry is fast growing industry since last few years. The younger generation is more attracted towards mutual fund as an investment avenue . To penetrate this segment of investors the fund managers should know what are their expectation from the fiduciaries. The findings of the research are that the investors expect that their fiduciary should give the highest priority to the client’s interest. The research result basically helpful for the Fund managers and the policy makers and regulators to consider the investor’s expectation from their fiduciary in their strategy formulation and policy design.