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M.F. are investment companies which pool huge amount of money from investors and offer to sell and buy back shares.
Mutual Fund as an individual securities. Risk Distribution. Distribution of return.
Brief History
Phase.1.(1964)Establishment and Growth of Unit Trust of India(UTI). (US-64 , ULIP-1971). Phase.2.(1987)Entry of Public Sector Funds
Public Sector banks, Insurance Companies (SBI Mutual fund-1st non UTI fund, Canera bank, PNB LIC, etc.)
Cont..
By Investment Objective
Equity Fund Scheme- invests in stocks long term (3 years or more) Debt Fund Scheme- invests in fixed income securities (3-10 months) Balanced Fund Scheme- invests in stocks and fixed
RISK HIERARCHY
SOME FACTS
100% growth in the last 6 years. Channelising savings need of an hour We have approx 29 mutual fund. US have 800 mutual fund . There is a big scope for expansion Need to penetrate in rural areas