Research attempts to evaluate growth and performance of mutual fund industry in India under regulated financial environment. Research investigates investment attitude, behaviour & perception of 1000 individual investors from Ahmednagar towards investments in financial avenues in general and in mutual funds in particular. Research survey covers various aspects related to mutual fund investments including investment objectives, time horizon, checking performance & updates, sources of information, benefits experienced, problems faced, factors affecting selection of mutual fund schemes and AMC. Effort is made to analyse level of satisfaction of investors towards mutual fund industry in India. Research attempts to analyse overall opinion of individual investors towards mutual fund investments.