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MUTUAL FUND

NAZIYA . K. A

MEANING
MUTUAL FUNDS ARE FINANCIAL INTERMEDIARIES
WHICH COLLECT FUNDS FROM THE PUBLIC AND INVEST THEM IN A DIVERSED PORTFOLIO OF SECURITIES, INCLUDING EQUITY, BONDS, DEBENTURES AND OTHER INSTRMENTS ISSUED

BY BUSINESS OR GOVT: UNDERTAKINGS.

TYPES

1. PUBLIC SECTOR MUTAL FUND

2. PRIVATE SECTOR MUTUAL FUND


3. MONEY MARKET MUTUAL FUND

PUBLIC SECTOR MUTUAL FUNDS


THE UNIT TRUST OF INDIA (UTI) WAS THE FIRST MUTUAL FUND TO BE ESTABLISHED IN INDIA IN THE PUBLIC SECTOR. IT WAS FOLLOWED BY SEVEN INSTITUTIONS

PUBLIC SECTOR MUTUAL FUNDS


1. 2. 3. 4. STATE BANK OF INDIA (SBI) MUTUAL FUND BANK OF INDIA MUTUAL FUND INDIAN BANK MUTUAL FUND CANARA BANK MUTUAL FUND (CANBANK MUTUAL FUND) 5. PUNJAB NATIONAL BANK (PNB) MUTUAL FUND 6. LIC MUTUAL FUND 7. GENERAL INSURANCE CORPORATION (GIC) MUTUAL FUND

PRIVATE SECTOR MUTUAL FUND


THE PRIVATE SECTOR MUTUAL FUNDS PROVIDED A COMPETITIVE EDGE AND WIDE SCOPE OF OPTIONS TO THE INVESTORS.
THEIR EMERGENCE WAS RESULT OF FALIURE OF PUBLIC SECTOR MUTUAL FUNDS TO LIVE UP THE EXPECTATIONS OF THE COMMON INVESTORS. THEREFORE, THE SEBI PERMITTED A NUMBER OF PLAYERS IN THE PRIVATE SECTOR TO SPONSOR MUTUAL FUNDS.

MONEY MARKET MUTUAL FUNDS


THE RBI PROPOSED TO SET UP MONEY MARKET MUTUAL FUNDS (MMMFs) IN ORDER TO MAKE AVAILABLE THE BENEFITS OF INVESTING IN MONEY MARKET TO SMALL INVESTORS.
MMMFs INVEST PRIMARILY IN MONEY MARKET INSTRUMENT OF VERY HIGH QUALITY AND OF VERY SHORT MATURITIES. THEY CAN BE SET UP ONLY BY COMMERCIAL BANKS AND PUBLIC FINANCIAL INSTITUTIONS.

BENEFITS
DIVERSIFICATION
EXPERT SUPERVISION AND MANAGEMENT LIQUIDITY REDUCED RISK & TAX ADVANTAGES HIGHER RETURNS

FLEXIBLITY

PLAYERS OF MUTUAL FUND


ABN AMRO Mutual Fund Benchmark Mutual Fund Birla Mutual Fund Alliance Capital Mutual Fund Canbank Mutual Fund Chola Mutual Fund

PLAYERS OF MUTUAL FUND


DSP Merrill Lynch Mutual Fund Escorts Mutual Fund Fidelity Mutual Fund Franklin Templeton Investments HDFC Mutual Fund HSBC Mutual Fund

PLAYERS OF MUTUAL FUND


ING Vysya Mutual Fund
JM Financial Mutual Fund Kotak Mahindra Mutual Fund LIC Mutual Fund

PLAYERS OF MUTUAL FUND


ICICI Prudential Mutual Fund
Reliance Mutual Fund Sahara Mutual Fund SBI Mutual Fund Standard Chartered Mutual Fund

PLAYERS OF MUTUAL FUND


Tata Mutual Fund
HSBC Mutual Fund Unit Trust of India HDFC Mutual Fund