MUTUAL FUNDS

SEBI (Mutual Funds) Regulations 1996 defines a mutual fund as “A fund established in the form of a trust to raise money through the sale of units to the public under one or more schemes for investing in securities, including money market instruments.” In simple words, Mutual Funds are basically those funds which are managed by professionals. The Mutual fund managing company pools money from different investors and invests it in purchasing securities with the help of professionals for which investors pay fees and expenses to mutual fund managing company. The company that puts together the mutual fund is called AMC (Asset Management Company).



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