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What is Understanding Mutual Funds in India about?

This document summarizes mutual funds and their types. It defines a mutual fund as a trust that pools investor savings and invests in stocks, bonds, and other securities. The history of mutual funds in India is divided into four phases from 1964 to the present, seeing the growth of UTI and later private sector funds. Funds are classified as open-ended or closed-ended based on maturity, and as equity, debt, balanced, money market, gilt or index funds based on investment objectives. The document discusses the

Author

Amrit Jahangiriaa

Language

EN