Volume : VII, Issue : VII, July - 2018
Mutual fund in India
Renu Bala
Abstract :
Mutual funds are financial intermediate which collect the savings of investors and invest them in a large and well diversified portfolio of securities. The major advantages for the investors are reduction in risk, expert professional mgt, diversified portfolio and tax benefit. By pooling of their assets through mutual funds maestros achieve economies of scale. Mutual funds are to be established in the form of trust under Indian trust act, and are to be operated by Asset. Management Company (AMC). Mutual fund dealing exclusively with money market instruments are to be regulated by RBI. Mutual fund dealing primarily with capital market and also partly in money market instruments is to be regulated by SEBI. All schemes floated by mutual funds are to be registered with SEBI.
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DOI : https://www.doi.org/10.36106/paripex
Cite This Article:
Renu Bala, Mutual fund in India, PARIPEX‾INDIAN JOURNAL OF RESEARCH : Volume-7 | Issue-7 | July-2018
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Renu Bala, Mutual fund in India, PARIPEX‾INDIAN JOURNAL OF RESEARCH : Volume-7 | Issue-7 | July-2018