LESSON 27: MUTUAL FUNDS: AN INTRODUCTION
• To understand the Concept of mutual funds, • Its development in India and • Mutual fund schemes. Introduction A mutual fund is a financial intermediary that pools the savings of investors for collective investment in a diversified portfolio of securities. A fund is “mutual” as all of its returns, minus its expenses, are shared by the fund’s investors. The Securities and Exchange Board of India (Mutual … ................
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