abhishreshthaa
Abhijeet S
What is a Mutual Fund?
Mutual fund is a pool of money collected from investors by a company which is managed by a team of professional fund managers for a small fee.
Concept.
Who can invest in Mutual Fund ?
Mutual fund is a pool of money collected from investors by a company which is managed by a team of professional fund managers for a small fee.
Concept.
- A common pool of money.
- Investors contribute their contributions.
- The ownership is thus joint or mutual.
- A single investors ownership of fund is in the same proportion as the amount of the contribution made by him to the total amount of the fund.
Who can invest in Mutual Fund ?
- Resident individuals
- Indian companies
- Indian trusts & charitable institutions
- Banks
- NBFCs
- Insurance companies
- Provident funds
- Non- Resident Indians
- Overseas corporate bodies (OCBs)
- SEBI Registered Foreign Institutional Investors
- Foreign Nationals / Entities Are Not Allowed To Invest