Abstract
The purpose of this article is to analyze mutual investment funds market (UIF) current state in the Republic of Kazakhstan, to determine the factors influencing the development of the market. Also, to consider the growth trends of mutual funds in Kazakhstan. This article uses official statistics from the Agency of the Republic of Kazakhstan for the regulation and development of the financial market, the Central Securities Depository, the National Bank of the Republic of Kazakhstan, the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan, the Kazakhstan Stock Exchange, as well as expert assessments and calculations of practical researchers and institutional investors. The work uses statistical processing of information and economic analysis. According to the analysis results, there is a positive trend in the market of mutual funds in Kazakhstan associated with an increase in investment activity among the population, and with the growing popularity of some mutual funds. Despite the growth in 2021 and 2022, the Kazakhstan mutual fund market remains at the development stage. It is necessary to increase the availability of financial instruments, strengthen financial literacy education, strengthen the protection of minority shareholders and investors, and streamline the control of financial organizations for the legitimacy of their activities. The results of the study can be used for further development of the mutual fund market, both for government agencies and for individuals