The Structure and Development of Private Investment Trust Companies in India

There is at present no clearly recognized category of investment trust companies in India. It is true that certain official and non-official publications class some companies in the category of "investment trusts" or "investment companies." A closer examination of these classifications revealed that they include a mass of heterogeneous companies engaged in such diverse financial businesses as hire-purchase, general financing, mortgage and other lending, trading and speculation in shares or land, investing in shares and immovable property, and managing agency.