By the end of 1988, UTI had total assets worth Rs 6,700 crore. Soon after, eight funds were established by banks, LIC and GIC between 1987 and 1993. The total number of schemes went up to 167 and total money…
History of Mutual Funds
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Mutual Funds
What is a Mutual Fund? A mutual fund is an investment vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and other assets….
How to Choose a Mutual Fund?
Here are some things to keep in mind while choosing a fund: Past Performance: History is important. Before investing, check the historic performance of the mutual fund scheme, the asset manager’s investment decisions, fund returns and so on. While the…
Types of Mutual Funds
The following are the types of Mutual Funds: 1. Money market funds These funds invest in short-term fixed income securities such as government bonds, treasury bills, bankers’ acceptances, commercial paper and certificates of deposit. They are generally a safer investment, but…
What are the benefits of Mutual Funds?
Many of us dread the thought of managing our own investments. With a professional fund management company, people are put in charge of various functions based on their education, experience and skills. As an investor, you can either manage your…