Answer Posted / sonali
Mutual fund is a trus which pools money from many investors
having common financial goals, the trust invests the money
in security markets ( shares, bonds, debentures). the
interest/ profits earned is shared among all the investors
in the proportion of their capital investment.
Types:
Open ended schemes
Close ended schemes
Interval schemes
Growth schemes
income schemes
money market schemes
Tax saving schemes
| Is This Answer Correct ? | 7 Yes | 2 No |
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