Innovations in Investment Products and its Impact on Financial Services Sector
Keywords:
Innovations, Modifications, Financial Inclusion, Mutual Funds, Life Insurance, Stock Markets, Investment Products, Financial Service SectorAbstract
As a developing nation India’s progress is very satisfactory and days are not far when we will be counted among the developed nations. Innovative Idea has been implemented to reap the harvest of this fast growth. Financial Service sector has also witnessed innovations and modification in Products and Processes. Ever changing technological advancements have impacted everyone. Financial Investments options have seen huge changes in the last 16 years, they are much more attractive as compared with the products from the past. These Innovations and modifications in investment products have changed our way of looking at investments. Impact of these innovations on social and economic fabric of the country had been tremendous. Someone once said, “A country is as rich as its citizens.” The way to become rich is investment in products with good returns. Investment products have always been a matter of solicitation, especially products which have a return source other than interest. Technological advancement and modification, new and innovative products as investment options seem to be forcing the realignment of financial transaction systems. As we are still talking about Financial Inclusions in our country .The author intends to explore the major innovation and modifications in three Investment Products namely Mutual Funds, Life Insurance and Stock Markets participations of Individual Investors. In this research paper an attempt is made to try and understand the Impact of these Innovations on growth of these products and Financial Service Sector.
As a developing nation India’s progress is very satisfactory and days are not far when we will be counted among the developed nations. Innovative Idea has been implemented to reap the harvest of this fast growth. Financial Service sector has also witnessed innovations and modification in Products and Processes. Ever changing technological advancements have impacted everyone. Financial Investments options have seen huge changes in the last 16 years, they are much more attractive as compared with the products from the past. These Innovations and modifications in investment products have changed our way of looking at investments. Impact of these innovations on social and economic fabric of the country had been tremendous. Someone once said, “A country is as rich as its citizens.” The way to become rich is investment in products with good returns. Investment products have always been a matter of solicitation, especially products which have a return source other than interest. Technological advancement and modification, new and innovative products as investment options seem to be forcing the realignment of financial transaction systems. As we are still talking about Financial Inclusions in our country .The author intends to explore the major innovation and modifications in three Investment Products namely Mutual Funds, Life Insurance and Stock Markets participations of Individual Investors. In this research paper an attempt is made to try and understand the Impact of these Innovations on growth of these products and Financial Service Sector.
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