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TitlePage no`s
Meaning & back ground 02Definition of Mutual Fund05 Types of Mutual Funds06Advantages of Mutual Funds17Disadvantages of Mutual Funds18Functions of Mutual Funds19
 
Mutual Fund:
A Mutual Fund is an institution which acceptsdeposits from people for investment or lendingpurpose.
Background:
Mutual Fund was first introduced in India by Unit Trust of India in 1964. Till 1987 UTI was onlyMutual Fund in India later on SBI and CanaraBank established their Mutual Funds andfollowed by others.
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Till 1993 there were & Mutual Funds in India whichwere horded by all public sector companies. In past decade asignificance of Mutual Funds has witnessed a hugedevelopment. After the rules passed by SEBI, private playerswere also allowed to perform Mutual Fund activities.Today Mutual Funds have started playing a positiverole in saving revolution . The growth of Mutual Fundsbusiness can be witnessed from the following table:
 YearBoughtRedeemed
1999-001331391892000-0120208182242001-0235766342062002-0368414675022003-04128302118126
Figures In us $ in million
of 00

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