Académique Documents
Professionnel Documents
Culture Documents
backed by govt)
Special deposit schemes 30% 20%
financial institutions/companies/banks
Factors promoting growth of PF
Life insurance
Phase I: 1818-1956, competitive market with 245 private
sector companies
Oriental life insurance company 1818, calcutta
Phase II: 1956-2000, nationalised and state monopoly with
only one company
Life insurance corporation (LIC) 1956
Phase III: 2000 - , 12 major companies, mixed ownership,
public-private sectors, monopoly or oligopoly of public sector
Phases of development
General insurance
Phase I: 1850-1972, competitive market with 107
private sector companies
Tritan insurance company1850, calcutta
Phase II: 1972-2000, state monopoly/oligopoly; 5
companies
National insurance company
New India assurance company
Oriental insurance company
United India insurance company
General insurance corporation
Phase III: 2000 - , 12 major companies, mixed
ownership, public-private sectors, monopoly or
oligopoly of public sector
Insurance sector reforms
Organisation
The sponsor(s), Board of Trustees or Trust Company
The Asset Management Company
The Custodian
The Unit holders
Type of Schemes
Open-ended funds units are sold continuously
Closed-ended funds fixed units are sold
Aggressive or pure or normal growth schemes, pure or regular or monthly
or cumulative income schemes, growth and income, or balanced
schemes, special purpose schemes, sectoral schemes, tax saving plans
They are also named as per investment asset
Equity funds, bond funds, real estate funds, money market funds
Fund of Funds
Exchange traded funds
Index Funds