In the changed environment the mutual funds are
playing a vital role in financial intermediation,
development of capital markets and the growth of
the corporate sector.
Fund collected from a large number of investors
through the sale of units and the proceeds are
invested in various instruments by seasoned
portfolio managers for the attainment of a set
of common goals.
Collective ownership of fund by the unit holders
Fund is invested judiciously by experts
The scheme works for achieving pre-determined goals
and the profit is distributed among unit holders in the
form of capital appreciation or dividend
