Mutual funds are a
mechanism for pooling the resources of different investors & investing the
collected funds in accordance with specific objectives, in securities so as to
realise the investment objective.
The investment objective
is based largely upon the investors’ capacity to take risk.
The profits or / losses
are shared by the investors in proportion to their investments.
The mutual funds
normally come out with a number of schemes with different investment objectives
which are launched from time to time.
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