A Mutual Fund is a trust that pools the savings from a number of investors who share a common financial goal. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. Since the stated investment objectives of a mutual fund scheme generally form the basis for an investor's decision to contribute money to the pool, a mutual fund can not move away from its stated objectives at any point of time.
Every Mutual Fund is managed by a fund manager, who uses his investment management skills and necessary research works to fulfill his role and therefore ensures much better returns than what an average investor can manage on his own. The capital appreciation and other incomes earned from these investments are passed on to the unit holders (investors are often known as unit holders) in proportion of the number of units they own.
Thus a Mutual Fund is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost.
[...] Mutual Funds As Trusts o A mutual fund in India is constituted in the form of a public trust created under the Indian Trusts Act o It is the job of the MF trustees to see that schemes floated and managed by the AMC appointed by the trustees are in accordance with the trust deed and SEBI guidelines. o At least of the trustees shall be independent trustees. Asset Management Company o The trustees appoint the Asset Management Company (AMC) with the prior approval of SEBI. [...]
[...] Fact Sheets Of Various AMCs ANNEXURE QUESTIONNAIRE “Awareness of Prudential ICICI Mutual Funds among Investors” Q. What is your monthly family Income (in Rs.)? A. ( Less Than 10000 ( 10000 15000 ( 15000 20000 ( 20000 25000 ( 25000 30000 ( 30000 And Above Q. Are you usually getting an opportunity to investment or not? A. ( Yes ( No Q. What do you think which investment option is best? A. ( Mutual Funds ( Fixed Deposit ( Shares & Stocks ( Insurance ( Post ( Bonds / Debentures ( Real Estate ( Any Other, Specify Q. [...]
[...] f. Tata TD Waterhouse Asset Management Private Ltd. 4. Joint Ventures Predominantly Foreign a. Alliance Capital Asset Management (India) Pvt. Ltd. b. Deutsche Asset Management (India) Pvt. Ltd. c. Dundee Investment Management & Research (Pvt.) Ltd. d. HSBC Asset Management (India) Private Ltd. e. ING Investment Management (India) Pvt. Ltd. f. Morgan Stanley Investment Management Pvt. Ltd. g. Prudential ICICI Management Co. Ltd. h. Standard Chartered Asset Mgmt Co. Pvt. Ltd. i. Sun F & C Asset Management Pvt. Ltd. [...]
[...] MUTUAL FUND INVESTORS Mutual funds in India are open to investment by Residents including o Resident Indian Individuals, including high net worth individuals and the retail or small investors o Indian Companies o Indian Trusts/Charitable Institutions o Banks o Non-banking Finance Companies o Insurance Companies o Provident Funds Non-Residents, including o Non-Resident Indians o Other Corporate Bodies (OCBs) Foreign entities, namely, Foreign Institutional Investors (FIIs) registered with SEBI. Foreign citizens/ entities are however not allowed to invest in mutual funds in India. [...]
[...] The main purpose of the survey is to study the level of awareness about Mutual Funds among the consumer class and to identify the investment criteria and what percentage of total investments is invested into Mutual Funds. De facto, to ensure what the “consumer thinks” & “what it thinks the best” we undertook a consumer survey, to get a clear picture of the future of the Mutual Funds companies who are busy wooing the customers, with their lucrative schemes, to survive the rat race & emerge as no.1 in this field. [...]
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