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                A mutual fund is an investment vehicle that pools in the money of  several investors and collectively invests this amount either the equity market or the debt market or both depending upon the fund’s objective. This means you can access either the equity or the debt Market or both, without investing directly in equity or debt. According to securities and exchange board of India (SEBI) regulations “Mutual fund means a fund established in the form of a trust by a sponsor to raise money by the trustee through sale of units to the public under one or more schemes for investing of Securities in accordance with the regulations. Thus mutual fund collects money from the investors, issues certificate to achieve mutual benefits in term of capital appreciation in such Securities.”

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