An Analysis of the Expansion of Mutual Funds in India
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Abstract
Mutual funds have become increasingly popular as a financial investment option. This industry is swiftly growing within the Indian financial market, offering a diverse range of schemes tailored to accommodate the risk-return preferences of various investor categories. Mutual funds enable small and medium-sized investors to engage in today's intricate financial landscape by purchasing units of the fund.
A mutual fund operates as a trust, overseen by professional managers, which pools and channels the savings of numerous investors who share a common financial objective. It invests in various assets such as shares, debt securities, money-market securities, or a combination thereof. These investors, referred to as unit holders, contribute to the funds and hold a proportionate share/unit of the portfolio based on their investment and the net fund value. Profits and losses from these investments, along with capital appreciation, are distributed among unit holders in accordance with their respective ownership of units, after deducting applicable expenses, loads, and taxes.
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