Nesterenko E.A.Saratov Socio-Economic Institute, Branch of Plekhanov Russian University of Economics, Saratov, Russian Federation ekanest11@yandex.ru
Chelpanova V.A.Saratov Socio-Economic Institute, Branch of Plekhanov Russian University of Economics, Saratov, Russian Federation chelpanova.va@yandex.ru
Importance Despite the fact that the first mutual funds emerged in Russia in 1996, the modern scientific literature does not sufficiently cover the issues devoted to the study of the specific features of the national market of mutual funds. Objectives This kind of research is conditioned on an identification and review of specific features of the Russian market of mutual funds due to the need to develop reasonable assumptions and forecasts about the prospects for the further development of this segment of financial market on the part of all participants. Methods From a methodological point of view, it is quite difficult to find the correct analogy for the domestic market of mutual investment funds, the comparative analysis of which would enable to identify the domestic market specifics. However, we emphasize that a methodological basis of the research was formed by such general scientific methods, and methods of empirical and cognition as a scientific abstraction, analysis and synthesis, grouping, comparison, observation, measurement and other methods. Results Taking into account the fact that in comparison with the vast majority of developed and emerging markets, the Russian market of mutual funds was formed in fairly complicated economic and legal environment. The identification of its specific features, systematization and analysis, which can be used in the simulation parameters of the domestic market of collective investment contributes to a more accurate and detailed forecasting of the structure of the market as a whole and within individual structural elements. Conclusions and Relevance We came to a conclusion that at the present stage of the Russian market of mutual funds' development is characterized by a number of the specific features: orientation of market participants at a short period of investment; high level of cost, what is typical of mutual funds; relatively low level of financial literacy of private investors.
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