A mutual fund allows investors to pool their money together into a portfolio that is professionally managed. The document discusses the concept and operation of mutual funds, the history of mutual funds in India, the various types of mutual fund schemes categorized by constitution, investment objective, and nature of investments. It also covers the advantages of mutual funds such as professional management, diversification, convenience, liquidity, and tax benefits.
- This document provides information about mutual funds in India, including key events and phases in their history, regulations, and common terms.
- It discusses how mutual funds in India began with the formation of the Unit Trust of India in 1963 and identifies 1996-present as the fourth phase of growth.
- Various topics are covered such as the roles of SEBI, AMFI, sponsors, trustees, different types of mutual funds and their characteristics.
The document discusses the growth and current status of the Indian mutual fund industry. It provides statistics on assets under management and investor demographics. It also summarizes regulations and improvements in operational areas like disclosure standards. Performance data shows mutual funds have outperformed other investment options across equity, debt, balanced and other fund categories over different time periods.
The regulatory framework for mutual funds in India includes regulations from the Reserve Bank of India, Securities and Exchange Board of India, and the Association of Mutual Funds in India. Key parts of the framework include regulations for sponsors, trustees, asset management companies, custodians, registrar and transfer agents, and know-your-customer requirements. The framework aims to protect investors, define roles and responsibilities, and manage conflicts of interest in the mutual fund industry.
The document provides an overview of the mutual fund industry in India including its history, types of mutual funds, advantages and drawbacks. It discusses the growth of assets under management over time and recent news articles about redemptions from mutual funds due to market volatility. The Association of Mutual Funds in India regulates the industry and aims to maintain high standards of operations.
This document provides an overview of mutual funds in India. It introduces the presenters and then discusses the introduction, operation, history and growth of mutual funds. The history is broken into four phases from 1964 to the present. It also covers the different types of mutual fund structures, categories, investment objectives and schemes. The roles of the sponsor, trustee and asset management company are defined. Finally, advantages like diversification and disadvantages like lack of control over costs are discussed.
1) SEBI regulates the mutual fund industry in India through the SEBI (Mutual Funds) Regulations 1996. It oversees the registration and operations of all mutual funds.
2) AMFI is the industry body for mutual funds, established to promote ethical standards and protect investor interests. However, as it is not an SRO, AMFI cannot enforce regulations, only issue guidelines.
3) There have been discussions of designating AMFI as India's first SRO for the mutual fund industry to help reduce SEBI's regulatory burden while still promoting investor protection and fair market operations.
A mutual fund pools money from many investors and invests it in stocks, bonds, and other securities. It is managed by a professional fund manager who buys and sells assets to generate returns. As an open-end company regulated by the Investment Company Act, a mutual fund provides investors an opportunity to own a diversified portfolio at a low cost.
Mutual funds pool money from investors and invest it in a portfolio of securities like stocks, bonds, and other assets. Investors share the income and capital gains or losses proportionate to their investment. Mutual funds offer diversification, professional management, affordability, and liquidity. Some risks include potential underperformance, costs, and taxes on capital gains. In India, the Association of Mutual Funds promotes and protects the interests of mutual funds and investors. Long-term capital gains from mutual funds are tax exempt.
- This document provides information about mutual funds in India, including key events and phases in their history, regulations, and common terms.
- It discusses how mutual funds in India began with the formation of the Unit Trust of India in 1963 and identifies 1996-present as the fourth phase of growth.
- Various topics are covered such as the roles of SEBI, AMFI, sponsors, trustees, different types of mutual funds and their characteristics.
The document discusses the growth and current status of the Indian mutual fund industry. It provides statistics on assets under management and investor demographics. It also summarizes regulations and improvements in operational areas like disclosure standards. Performance data shows mutual funds have outperformed other investment options across equity, debt, balanced and other fund categories over different time periods.
The regulatory framework for mutual funds in India includes regulations from the Reserve Bank of India, Securities and Exchange Board of India, and the Association of Mutual Funds in India. Key parts of the framework include regulations for sponsors, trustees, asset management companies, custodians, registrar and transfer agents, and know-your-customer requirements. The framework aims to protect investors, define roles and responsibilities, and manage conflicts of interest in the mutual fund industry.
The document provides an overview of the mutual fund industry in India including its history, types of mutual funds, advantages and drawbacks. It discusses the growth of assets under management over time and recent news articles about redemptions from mutual funds due to market volatility. The Association of Mutual Funds in India regulates the industry and aims to maintain high standards of operations.
This document provides an overview of mutual funds in India. It introduces the presenters and then discusses the introduction, operation, history and growth of mutual funds. The history is broken into four phases from 1964 to the present. It also covers the different types of mutual fund structures, categories, investment objectives and schemes. The roles of the sponsor, trustee and asset management company are defined. Finally, advantages like diversification and disadvantages like lack of control over costs are discussed.
1) SEBI regulates the mutual fund industry in India through the SEBI (Mutual Funds) Regulations 1996. It oversees the registration and operations of all mutual funds.
2) AMFI is the industry body for mutual funds, established to promote ethical standards and protect investor interests. However, as it is not an SRO, AMFI cannot enforce regulations, only issue guidelines.
3) There have been discussions of designating AMFI as India's first SRO for the mutual fund industry to help reduce SEBI's regulatory burden while still promoting investor protection and fair market operations.
A mutual fund pools money from many investors and invests it in stocks, bonds, and other securities. It is managed by a professional fund manager who buys and sells assets to generate returns. As an open-end company regulated by the Investment Company Act, a mutual fund provides investors an opportunity to own a diversified portfolio at a low cost.
Mutual funds pool money from investors and invest it in a portfolio of securities like stocks, bonds, and other assets. Investors share the income and capital gains or losses proportionate to their investment. Mutual funds offer diversification, professional management, affordability, and liquidity. Some risks include potential underperformance, costs, and taxes on capital gains. In India, the Association of Mutual Funds promotes and protects the interests of mutual funds and investors. Long-term capital gains from mutual funds are tax exempt.
The document discusses mutual funds, providing a brief history and overview. It notes that a mutual fund pools money from investors and invests it in stocks, bonds, and other securities. The income and profits are shared proportionally among investors. It then summarizes the four phases of growth of the Indian mutual fund industry from 1964 to the present.
Mutual funds pool money from investors and invest in a portfolio of securities like stocks, bonds and other assets. The presentation discusses the history, growth and regulations of the Indian mutual fund industry. It covers key concepts like the flow cycle, organizational structure, expense ratios and types of mutual fund schemes. The goal is to educate investors about mutual funds and how they can provide diversification and professional management.
The document provides information about mutual funds in India, including their history and structure. It discusses how a mutual fund is a trust that pools money from investors and invests it in securities like stocks and bonds. It then summarizes the five phases of growth of the mutual fund industry in India from 1963 to 2003 and how regulations evolved. It also outlines the key constituents of mutual funds in India - sponsors, trustees, asset management companies and custodians - and their roles. Finally, it categorizes mutual fund types by structure, nature and investment objective.
1. A mutual fund is a trust that pools savings from investors and invests them in stocks, bonds, and other securities.
2. SEBI regulates mutual funds in India and defines a mutual fund as a trust formed by a sponsor to raise money through the sale of units to the public and invest in securities.
3. The money collected is invested in capital market instruments and the income earned is shared by unit holders proportionate to their investment. This provides investors an opportunity to invest in a diversified basket of securities at low cost.
Mutual funds are investment vehicles that pool money from investors and invest in stocks, bonds, and other assets. A mutual fund is operated by a money manager who chooses the investments to match the fund's stated objective. The key players involved are the sponsor who establishes the fund, the asset management company that makes the investment decisions, trustees who oversee operations, a custodian that holds the fund's assets, and a registrar and transfer agent that manages investor transactions and records. A fund's value is determined by the net asset value which is calculated daily based on the total market value of assets minus liabilities divided by the number of outstanding units.
This document provides an introduction to mutual funds, including their organization, types of schemes, advantages, and disadvantages. It discusses the key entities involved in a mutual fund such as the sponsor, trustees, asset management company, custodian, and registrars. It also outlines various types of mutual fund schemes according to structure and investment objectives. The main advantages are professional management, diversification, economies of scale, and low costs, while potential disadvantages include costs, dilution, and taxes.
Mutual funds history, types, flow, and role of AIMFharshal pokaar
it contains meaning, flow of mutual fund, types of mutual fund, role played by (AIMF), history, And few industry examples of mutual fund
for example.;- sbi mutual fund,
kotak mutual funds,
etc
Mutual funds pool money from investors and invest it in stocks, bonds, and other securities. The main benefits are professional management, diversification, liquidity, and low costs. A mutual fund is operated by a sponsor, trustee, asset management company, custodian, and registrar. There are different types of funds categorized by structure (open or closed-ended), investment objectives (growth, debt, balanced), and other factors. Mutual funds provide investors an opportunity to participate in markets and support the economy.
Mutual funds pool money from investors and invest it in a portfolio of securities like stocks, bonds and money market instruments. The document provides an overview of mutual funds in India including their definition, benefits, types, risks, regulations and more. It discusses the key entities involved like SEBI, sponsors, trustees, asset management companies and more. It also summarizes the various guidelines and regulations around mutual funds as per SEBI.
The document provides an overview of mutual funds in India, including their history, structure, guidelines, terms, types of funds, ratios, taxation, and future outlook. Some key points:
- A mutual fund pools money from investors and invests it in stocks, bonds, and other securities to generate returns. Returns and capital appreciation are shared proportionally by unit holders.
- SEBI regulates the mutual fund industry and has established a three-tier structure of sponsors, trustees, and asset management companies.
- There are various types of mutual funds that invest in different asset classes like equity, debt, hybrid, and money market instruments. Expense ratios, loads, and taxation vary across fund types.
Mutual funds pool money from investors and invest it in stocks, bonds, and other securities. There are several types of mutual funds categorized by their investment objectives, structures, and growth goals. The document discusses the history and growth of the Indian mutual fund industry in four phases from 1964 to present. It defines key mutual fund concepts like NAV, loads, and AUM, and describes various fund types like equity, debt, balanced, index, and sector funds. The risks, benefits, and strategies of mutual fund investing are also outlined.
Mutual funds are investment vehicles that pool money from many investors and invest it in stocks, bonds, and other securities. A mutual fund is operated by an investment company that raises money from investors and invests it in a group of assets. The three key features of mutual funds are:
1) Professional management: Mutual funds are professionally managed, providing investors access to investment opportunities that may not be available to individual investors.
2) Diversification: Mutual funds invest in a variety of securities, reducing risk by diversifying investments across different companies, industries, and types of assets.
3) Economies of scale: Mutual funds benefit from economies of scale, allowing individual investors access to a wide
Amendments to SEBI (Mutual Funds) Regulations, 1996GAURAV KR SHARMA
The document outlines new regulations from the Securities and Exchange Board of India regarding investment restrictions for mutual funds. It reduces the limit of investments in debt instruments issued by a single issuer from 30% to 25% of a fund's net assets. It also introduces a limit of 20% of net assets for total exposure to a single group, and allows up to 25% with trustee approval. Additionally, mutual funds must ensure their exposure across sectors does not exceed 25% of net assets. Existing funds have one year to comply with the new rules.
This document discusses different types of mutual funds. It begins with an introduction to mutual funds, explaining that they allow investors to pool money for investment in a basket of assets managed by professionals at low cost. The document then outlines the main types of mutual funds:
On the basis of lock-in period, funds are either open-ended, allowing entry and exit at any time, or closed-ended, with a minimum three-year lock-in.
Based on investment, the main types are equity funds (investing in stocks), ELSS funds (for tax benefits), debt funds, balanced funds (mixing equity and debt), and sectoral funds (focusing on a single industry). Equity funds include large
This is my presentation on Mutual Funds which contains a brief overview to Mutual Funds Industry in India. This PPT also contains some realities behind mutual fund industry. i am uploading this with a hope that this could help someone. Thanks
The document provides an overview of mutual funds, including what they are, how net asset value is calculated, common types of mutual funds, expenses and fees associated with mutual funds, and factors to consider when purchasing and selling mutual funds. It discusses key mutual fund concepts such as returns, risks, performance, and strategies for mutual fund investment.
This document provides an overview of mutual funds, including their concept, types, advantages, organization, investment strategies, and growth in India. It discusses key mutual fund topics such as open-ended and closed-ended schemes, growth, income, balanced, and money market funds. The document also summarizes the history and growth of the mutual fund industry in India, from its beginnings in 1964 to recent growth and future prospects, with the industry expected to reach $800 billion by 2022 based on past growth rates.
Mutual funds of Bangladesh:An OverviewAsifa Ishrat
An outline of mutual fund sector of Bangladesh has been given here.In addition,impediments that are holding back the improvement of the sector and some suggestions to remove them are mentioned.
A mutual fund is a trust that pools savings from investors who share a common financial goal. The money is invested in stocks, bonds and other securities, and the returns from these investments are shared by investors proportionate to their investment. Mutual funds provide an opportunity for common investors to invest in a diversified portfolio of securities at low cost.
Mutual funds are professionally managed investment funds that pool money from many investors to purchase securities like stocks, bonds, and money market instruments. The fund is overseen by a fund manager who buys and sells assets according to the fund's investment objective. Investors share in the income and capital gains of the fund proportionate to their investment. Mutual funds offer diversification, affordability, and professional management for individual investors. Some disadvantages include lack of a tailored portfolio and potential underperformance. Mutual funds are regulated in India by SEBI and operate through a trust structure with sponsors, trustees, asset management companies, and third party administrators.
The document discusses mutual funds, providing a brief history and overview. It notes that a mutual fund pools money from investors and invests it in stocks, bonds, and other securities. The income and profits are shared proportionally among investors. It then summarizes the four phases of growth of the Indian mutual fund industry from 1964 to the present.
Mutual funds pool money from investors and invest in a portfolio of securities like stocks, bonds and other assets. The presentation discusses the history, growth and regulations of the Indian mutual fund industry. It covers key concepts like the flow cycle, organizational structure, expense ratios and types of mutual fund schemes. The goal is to educate investors about mutual funds and how they can provide diversification and professional management.
The document provides information about mutual funds in India, including their history and structure. It discusses how a mutual fund is a trust that pools money from investors and invests it in securities like stocks and bonds. It then summarizes the five phases of growth of the mutual fund industry in India from 1963 to 2003 and how regulations evolved. It also outlines the key constituents of mutual funds in India - sponsors, trustees, asset management companies and custodians - and their roles. Finally, it categorizes mutual fund types by structure, nature and investment objective.
1. A mutual fund is a trust that pools savings from investors and invests them in stocks, bonds, and other securities.
2. SEBI regulates mutual funds in India and defines a mutual fund as a trust formed by a sponsor to raise money through the sale of units to the public and invest in securities.
3. The money collected is invested in capital market instruments and the income earned is shared by unit holders proportionate to their investment. This provides investors an opportunity to invest in a diversified basket of securities at low cost.
Mutual funds are investment vehicles that pool money from investors and invest in stocks, bonds, and other assets. A mutual fund is operated by a money manager who chooses the investments to match the fund's stated objective. The key players involved are the sponsor who establishes the fund, the asset management company that makes the investment decisions, trustees who oversee operations, a custodian that holds the fund's assets, and a registrar and transfer agent that manages investor transactions and records. A fund's value is determined by the net asset value which is calculated daily based on the total market value of assets minus liabilities divided by the number of outstanding units.
This document provides an introduction to mutual funds, including their organization, types of schemes, advantages, and disadvantages. It discusses the key entities involved in a mutual fund such as the sponsor, trustees, asset management company, custodian, and registrars. It also outlines various types of mutual fund schemes according to structure and investment objectives. The main advantages are professional management, diversification, economies of scale, and low costs, while potential disadvantages include costs, dilution, and taxes.
Mutual funds history, types, flow, and role of AIMFharshal pokaar
it contains meaning, flow of mutual fund, types of mutual fund, role played by (AIMF), history, And few industry examples of mutual fund
for example.;- sbi mutual fund,
kotak mutual funds,
etc
Mutual funds pool money from investors and invest it in stocks, bonds, and other securities. The main benefits are professional management, diversification, liquidity, and low costs. A mutual fund is operated by a sponsor, trustee, asset management company, custodian, and registrar. There are different types of funds categorized by structure (open or closed-ended), investment objectives (growth, debt, balanced), and other factors. Mutual funds provide investors an opportunity to participate in markets and support the economy.
Mutual funds pool money from investors and invest it in a portfolio of securities like stocks, bonds and money market instruments. The document provides an overview of mutual funds in India including their definition, benefits, types, risks, regulations and more. It discusses the key entities involved like SEBI, sponsors, trustees, asset management companies and more. It also summarizes the various guidelines and regulations around mutual funds as per SEBI.
The document provides an overview of mutual funds in India, including their history, structure, guidelines, terms, types of funds, ratios, taxation, and future outlook. Some key points:
- A mutual fund pools money from investors and invests it in stocks, bonds, and other securities to generate returns. Returns and capital appreciation are shared proportionally by unit holders.
- SEBI regulates the mutual fund industry and has established a three-tier structure of sponsors, trustees, and asset management companies.
- There are various types of mutual funds that invest in different asset classes like equity, debt, hybrid, and money market instruments. Expense ratios, loads, and taxation vary across fund types.
Mutual funds pool money from investors and invest it in stocks, bonds, and other securities. There are several types of mutual funds categorized by their investment objectives, structures, and growth goals. The document discusses the history and growth of the Indian mutual fund industry in four phases from 1964 to present. It defines key mutual fund concepts like NAV, loads, and AUM, and describes various fund types like equity, debt, balanced, index, and sector funds. The risks, benefits, and strategies of mutual fund investing are also outlined.
Mutual funds are investment vehicles that pool money from many investors and invest it in stocks, bonds, and other securities. A mutual fund is operated by an investment company that raises money from investors and invests it in a group of assets. The three key features of mutual funds are:
1) Professional management: Mutual funds are professionally managed, providing investors access to investment opportunities that may not be available to individual investors.
2) Diversification: Mutual funds invest in a variety of securities, reducing risk by diversifying investments across different companies, industries, and types of assets.
3) Economies of scale: Mutual funds benefit from economies of scale, allowing individual investors access to a wide
Amendments to SEBI (Mutual Funds) Regulations, 1996GAURAV KR SHARMA
The document outlines new regulations from the Securities and Exchange Board of India regarding investment restrictions for mutual funds. It reduces the limit of investments in debt instruments issued by a single issuer from 30% to 25% of a fund's net assets. It also introduces a limit of 20% of net assets for total exposure to a single group, and allows up to 25% with trustee approval. Additionally, mutual funds must ensure their exposure across sectors does not exceed 25% of net assets. Existing funds have one year to comply with the new rules.
This document discusses different types of mutual funds. It begins with an introduction to mutual funds, explaining that they allow investors to pool money for investment in a basket of assets managed by professionals at low cost. The document then outlines the main types of mutual funds:
On the basis of lock-in period, funds are either open-ended, allowing entry and exit at any time, or closed-ended, with a minimum three-year lock-in.
Based on investment, the main types are equity funds (investing in stocks), ELSS funds (for tax benefits), debt funds, balanced funds (mixing equity and debt), and sectoral funds (focusing on a single industry). Equity funds include large
This is my presentation on Mutual Funds which contains a brief overview to Mutual Funds Industry in India. This PPT also contains some realities behind mutual fund industry. i am uploading this with a hope that this could help someone. Thanks
The document provides an overview of mutual funds, including what they are, how net asset value is calculated, common types of mutual funds, expenses and fees associated with mutual funds, and factors to consider when purchasing and selling mutual funds. It discusses key mutual fund concepts such as returns, risks, performance, and strategies for mutual fund investment.
This document provides an overview of mutual funds, including their concept, types, advantages, organization, investment strategies, and growth in India. It discusses key mutual fund topics such as open-ended and closed-ended schemes, growth, income, balanced, and money market funds. The document also summarizes the history and growth of the mutual fund industry in India, from its beginnings in 1964 to recent growth and future prospects, with the industry expected to reach $800 billion by 2022 based on past growth rates.
Mutual funds of Bangladesh:An OverviewAsifa Ishrat
An outline of mutual fund sector of Bangladesh has been given here.In addition,impediments that are holding back the improvement of the sector and some suggestions to remove them are mentioned.
A mutual fund is a trust that pools savings from investors who share a common financial goal. The money is invested in stocks, bonds and other securities, and the returns from these investments are shared by investors proportionate to their investment. Mutual funds provide an opportunity for common investors to invest in a diversified portfolio of securities at low cost.
Mutual funds are professionally managed investment funds that pool money from many investors to purchase securities like stocks, bonds, and money market instruments. The fund is overseen by a fund manager who buys and sells assets according to the fund's investment objective. Investors share in the income and capital gains of the fund proportionate to their investment. Mutual funds offer diversification, affordability, and professional management for individual investors. Some disadvantages include lack of a tailored portfolio and potential underperformance. Mutual funds are regulated in India by SEBI and operate through a trust structure with sponsors, trustees, asset management companies, and third party administrators.
Mutual funds pool money from many investors and invest it in stocks, bonds, and other securities. The document discusses the structure and advantages of mutual funds in India. It explains that mutual funds follow a three-tier structure with a sponsor, trustees, and an asset management company. The asset management company professionally manages the pooled funds and charges a fee. This provides investors diversification, liquidity, and professional investment management.
The document provides an overview of mutual funds in India. It discusses that mutual funds have emerged as intermediaries for individual investors to participate in increasingly complex capital markets through professional management. Mutual funds facilitate channeling household savings to capital markets. The Indian mutual fund industry includes both public sector and private sector players. The document then covers key aspects of mutual funds such as their structure involving sponsors, trustees and asset management companies, characteristics, types classified by investment objective and risk-return, and regulations governing their operations.
- Mutual funds are an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities like stocks, bonds, and money market instruments.
- There are various types of mutual funds categorized by their investment strategy - debt funds invest in debt instruments and target stable income, equity funds invest in stocks and target long-term capital appreciation, hybrid funds invest in a mix of stocks and bonds.
- Mutual funds can also be categorized by their load structure - load funds charge fees for purchasing shares while no-load funds can be purchased and redeemed without commission, and by their tax treatment - tax-exempt funds invest in tax-exempt securities.
The document provides a history of mutual funds in India in 4 phases from 1964 to 1996. It begins with the establishment of UTI in 1963, which was given a monopoly until 1986 when the first equity fund was launched. In phase 2 from 1987-1993, other public sector mutual funds were established. Phase 3 from 1993-1996 introduced private sector funds. Phase 4 saw investor friendly regulatory measures by SEBI. The document then provides definitions of mutual funds, reasons for investing through them, different types of funds categorized by asset class, structure and investment, and ways of investing through lump sums or SIP. It outlines the structure of a mutual fund including sponsors, trustees, AMC, custodian and depositories. Distribution channels and advantages
The document discusses mutual funds and investing in India. It provides information on different types of mutual funds, how they work, their benefits, and how to select the right funds. It also covers topics like SIP or systematic investment plans, the risks associated with mutual fund investments, and the tax benefits of investing in mutual funds. The document aims to educate investors about mutual funds and help them make informed investment decisions.
Mutual funds are investment vehicles that pool money from many investors and invest it in stocks, bonds, and other securities. An asset management company manages the fund's portfolio according to the fund's stated objectives. Investors can invest in mutual funds directly from the fund company or through a financial advisor. Mutual funds offer investors a professionally managed, diversified portfolio with the potential for growth or income depending on the type of fund. Risk and potential returns vary depending on the fund's investment objectives and strategy.
Mutual funds are investment vehicles that pool money from many investors and invest it in stocks, bonds, and other securities. An asset management company manages the fund's portfolio according to the fund's stated objectives. Investors can invest in mutual funds directly from the fund company or through a financial advisor. Mutual funds offer investors a professionally managed, diversified portfolio with the potential for growth or income depending on the type of fund. Risk and potential returns vary depending on the fund's investment objectives and strategy.
Mutual funds are investment vehicles that pool money from many investors and invest it in stocks, bonds, and other securities. An asset management company manages the fund's portfolio according to the fund's stated objectives. Investors can invest in mutual funds directly from the fund company or through a financial advisor. Mutual funds offer investors a professionally managed, diversified portfolio with the potential for growth or income depending on the type of fund. Risk and potential returns vary depending on the fund's investment objectives and strategy.
Presentation on Introduction to Mutual Funds Investing.pdfAdityaRoy838557
Mutual funds are investment vehicles that pool money from many investors and invest it in stocks, bonds, and other securities. An asset management company manages the fund's portfolio according to the fund's stated objectives. Investors can invest in mutual funds directly from the fund company or through a financial advisor. Mutual funds offer investors a professionally managed, diversified portfolio with the potential for growth or income depending on the type of fund. Risk and potential returns vary depending on the fund's investment objectives and strategy.
Presentation on Introduction to Mutual Funds Investing.pdfpoonamshinde64
Mutual funds are investment vehicles that pool money from many investors and invest it in stocks, bonds, and other securities. An asset management company manages the fund's portfolio according to the fund's stated objectives. Investors can invest in mutual funds directly from the fund company or through a financial advisor. Mutual funds offer investors a way to diversify their investments and earn returns on their money.
The document discusses capital markets, which are markets for long-term debt and equity shares. Capital markets include primary markets where securities are first issued to investors through IPOs/FPOs, and secondary markets like stock exchanges where existing securities are traded. It then discusses trends in the Indian capital markets such as increased role of institutions, introduction of derivatives, globalization, and modernization through increased use of technology.
The document discusses the structure and regulations of mutual funds in India. It describes key constituents like sponsors, trustees, asset management companies (AMCs), custodians, registrar and transfer agents (RTAs). It explains the role of regulators like SEBI, RBI, and industry body AMFI. The legal structure involves setting up a trust to manage the funds. Trustees oversee compliance while AMCs handle day-to-day operations.
The document discusses the regulatory structure and key constituents of mutual funds in India. It states that mutual funds are structured as trusts with a sponsor, board of trustees, and asset management company (AMC). The trustees are responsible for protecting investors' interests, appointing the AMC, and overseeing operations. The AMC manages the day-to-day activities of the fund such as launching schemes, marketing to investors, and portfolio management. Other constituents include custodians, registrars, brokers, and distributors. The key regulators are SEBI, RBI, and the Ministry of Finance.
How To Start Investing In Mutual Funds | Mutual Fund Guide | Mutual Fund For ...WealthBucket
In this video, you all got to know about mutual fund investment. If you have no idea about the mutual funds & you are a beginner & also want to start investing in mutual funds, this mutual fund guide will help you to understand about mutual funds, type of mutual funds, about their returns & risk, benefits of SIP and many more.
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This document provides information about mutual funds in India. It discusses the history of mutual funds in India which is divided into four phases from 1964 to the present. It also describes the different types of mutual funds based on structure (open ended, close ended, interval funds), investment objectives (growth, income, balanced, etc.), and others (tax saving, thematic, etc.). The advantages and disadvantages of mutual funds are outlined. Exchange traded funds and asset management companies are also explained. Methods of evaluating mutual fund performance like Sharpe's and Treynor's models are mentioned. Regulations around investment limits for mutual funds are provided.
A mutual fund is an investment vehicle that pools money from many investors to purchase securities like stocks, bonds, money market instruments, and other assets. The three key entities involved are the sponsor (who establishes the fund), the board of trustees (who supervises the fund managers), and the asset management company (who manages the fund's investments). Mutual funds offer investors a low-cost way to diversify their investments across a range of assets and achieve professional management. The main types of mutual funds are based on their investment objectives (income, growth, balanced) and structure (open-ended or closed-ended). Regulations established by SEBI aim to protect investors and ensure transparency around fees, investment practices, and fund performance reporting
A mutual fund is a professionally managed investment scheme that pools money from many investors to purchase stocks, bonds and other securities. It allows individual investors to diversify their holdings and benefit from professional fund management at a low cost. The money collected is invested in different securities and the income and capital appreciation is shared by unit holders proportionate to their investment. Mutual funds provide an opportunity for common investors to invest in a basket of securities with a relatively small amount of money.
This document provides an overview of mutual funds, including their key concepts, roles, how they operate, types of funds, legal structure in India, and distribution channels. The main points are:
- A mutual fund pools money from investors and invests it in stocks, bonds and other securities, with the fund managed by a professional on behalf of investors.
- Mutual funds assist investors in earning income, provide diversification, and help raise money for governments and companies through investments.
- The legal structure of mutual funds in India involves a trust with sponsors, trustees, an asset management company, custodian and registrar & transfer agent. Key documents include SID, SAI and KIM.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
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3. What is a Mutual Fund ?
A mutual fund is a collective investment that
allows many investors, with a common
objective, to pool individual investments and
give to a professional manager who in turn
would invest these monies in line with the
common objective.
5. History of Indian Mutual Funds
Phase I (1964-87)
Set up by RBI, de- linked later.
Act of parliament
First scheme US 64, still outside SEBI
purview
Phase II (1987-93) entry of PSU Banks/ FIs
SBI in 87, LIC in 89, Indian Bank in 90
Phase III (1993-95) Entry of Private players
Phase IV (1993 onwards) SEBI regulation of
Mutual Funds
7. Types of Mutual Funds Schemes
By Constitution
By Investment Objective
By Nature of Investments
8. By Constitution
OPEN-END CLOSE-END
No fixed maturity Fixed Maturity
Variable Corpus Fixed Corpus
Not Listed Generally Listed
Buy from and sell to Buy and sell in the
the Fund Stock Exchanges
Entry/Exit at NAV Entry/Exit at the
related prices market prices
9. By Constitution
Load or non load funds
Tax exempt or non tax exempt
Nature of Investments
Financial Assets (Equity/Debt/Money Market)
Physical Assets (Metal/ Real Estate)
11. Aggressive Growth Funds
Objective - Aggressive Capital Growth
Investment Pattern
EQUITY OF
Less researched Companies
Speculative and momentum stocks
Suitable for investors who are comfortable in
taking high risk.
12. Diversified Growth Funds
Objective - Capital Growth
Investment Pattern - Weightage
EQUITY of
Well researched and high market cap
companies
Debt
Money market securities
Minimum time recommended for investment to
deliver expected returns - 5 years +
Suitable for investors looking at capital growth
over a longer period of time
13. Other variety of equity funds
Specialised Funds
Sector Funds
Offshore Funds
Small Cap Equity Funds
Option Income funds - writes options
ELSS - Indian Variety
Equity Index Funds
Value Funds
Equity Income Funds - invest in co. with
higher dividend yields i.e. power/utilities
14. Other equity oriented funds ...
Hybrid Funds
Balanced Funds
Growth & Income Funds
Assets Allocation Funds
Commodity Funds
Real Estate Funds
15. Debt Funds
Diversified Debt Funds
Focussed Debt Funds
Sector / Specialised / Offshore
Municipal bonds / infrastructure cos bond funds
Mortgaged backed
High yield debt funds
Assured Return Funds - Indian variety
Liquid Funds
17. Why Mutual funds…?
Stock markets are very sophisticated
Free pricing and integration with world
markets
Time , knowledge and luck
Substantial capital for diversification
18. Mutual Funds:
A Packaged Product
Professional
Management Diversification
Convenience
Liquidity
Tax Benefits
22. Affordability
Provides an opportunity for a small investor
Invest as less as an amount of
Rs.3000/Rs.500 and in multiples of
Rs.1000/100 depending on the Scheme
23. Wide Choice
Offers a VARIETYOF SCHEMES
Meet the investment needs of all Investors
24. Your needs
Short Term Banks / Liquid Funds
Medium Term Debt or Debt Related
Funds
( 1 to 3 years)
Mix of Debt/Equity or
(3 to 5 years)
funds with an appropriate
mix (Balance)
Long Term Equity or Equity Related
Funds
25. MF’s and Tax Benefits
Capital Gain Benefits - Section 112 (1)
Long term capital gain tax of 10% without
indexation,or
Long term capital tax of 20% with indexation
26. Well regulated
Governed by Multiple agencies
MOF/ CLB/ ROC
SEBI
RBI
Trustees
Auditors
Board of Directors
27. SEBI
All Mutual Funds / AMC/ Trustee Companies to
be registered with SEBI
Responsible for protecting investors interest and
promote orderly growth of Mutual Fund Industry
Formulates regulations,monitors performance
and conduct of Mutual funds and enforces
compliance to regulations through reviewing
reports and regular inspections
28. Reserve Bank of India & SE
RBI
Dual supervision for bank sponsored AMCs
Issue concerning ownership bank
promoted AMC falls with RBI
Stock Exchange (SE)
Close ended MF listed of SE. Needs to
comply with listing guidelines.
29. Office of public Trustee
MF being public trustee - governed by Indian
Trust Act , 1882
Trustee Co or Board of Trustee accountable
to office of Public Trustee
Public trustees reports to Charity Comm.
30. Trustee and AMC to comply with Cos Act 1956
R e g is t r a r s o f C o m p a n ie s ( R O C )
D e p a r t m e n t o f C o m p a n y A f f a irs
C o m p a n y L a w B o a rd (C L B )
M in is t r y o f L a w & J u s t ic e
31. Ministry of Finance
Supervises both SEBI and RBI
Ultimate policy making & supervising body
Appellate Authority for any disputes over
SEBI guidelines
32. Investor’s rights
Proportionate ownership in scheme’s assets
Rights of information from Trustee
To received dividend warrants, inspect major docs
(Trust deed, investment management agreement,
R&T A Agreement, custodian services agreement
with 75% voting rights and approval of SEBI can
close the scheme, change the AMC.
Rights of info for fundamental change in the
scheme features and also an opportunity to
redeem units without any load.
Receive annual report and a/c statement
33. Investor’s rights & Obligations
Rights - Legal Limitations
Unit holder’s are not distinct from trust,
they cannot sue trust.
Sponsor do not have any legal obligations
(Limited to initial contribution)
No rights to prospective investors
Obligations
Must read offer doc & AOD
Beware of risk factors
Must monitor investments regularly
34. Investor’s complaint redressal mechanism
Client Servicing
Compliance Officer
Investors cannot be protected by companies
Act.
35. Mutual Fund - The Top Scorer
FDs FI Bonds MutualFunds
Accessibility Low Low High
Tenor Fixed (Medium) Fixed (Long) No Lock-in
Min. Invest. Rs. 10000 Rs. 5000 Rs. 500
Tax Benefits None 80L,88 None
Liquidity Low Very Low Very High
Convenience Medium Tedious Very High
Transparency None None Very High
37. What is offer documents
Contains the details of scheme.
Filed with SEBI
Like Prospectus of an IPO
Close ended scheme - One Time
Open ended Scheme - Perpetual - kept
updated from time to time.
38. Significance
Legal document that protects and governs the
right of the investor to information
Is the primary vehicle for the investment decision
Is the operating document and describes the
fundamental attributes of schemes.
One of the most important sources of information
for the prospective investor
Is a reference document for the investor to look for
relevant information at any time.
39. Mandatory Information
• Details of the Sponsor
• Description of the scheme and investment
objective/strategy
• Terms of issue
• Historical statistics
• Investors’ Rights and Services
Key Information Memorandum that is distributed with the
application form is an abridged version of the offer
document.
40. Investment Options & Features
• Options
•Growth
•Dividend and Dividend Reinvestment
•Plans
•Systematic Investment Plan - SIP
• Value Averaging Plan - VAP
• Systematic Withdrawal Plan - SWP
•Systematic Transfer Plan - STP
• Other
• Nomination facility
41. Who can invest ?
• Resident Indian Individuals
• Indian Companies
• Trusts / charitable institutions / PFs
• Banks/ FIs / NBFCs
• Insurance Companies
• NRIs/ OCBs/ FIIs
• Partnership firms etc.
42. NAV - COMPUTATION
NAV = Net assets of scheme / No of units Outstanding
i.e. Market value of investments+ Receivables+
Other accrued income+ Other assets- accrued
expenses- Other Payables- Other liabilities
No. of units outstanding as at the NAV date
Imp :
Day of NAV Calculation is known as valuation day
43. HOW NAV IS COMPUTED
• Market value of Equities - Rs.100 crore - Asset
• Market value of Debentures - Rs.50 crore - Asset
• Dividends Accrued - Rs.1 crore -Income
• Interest Accrued - Rs.2 crore - Income
• Ongoing Fee payable - Rs.0.5 crore - Liability
• Amt..payable on shares purchased -Rs.4.5 crore - Liability
• No. of units held in the Fund : 10 crore units
• NAV per unit = [(100+50+1+2)-(0.5+4.5)]/10
= [153-5]/10
= Rs. 14.80
44. NAV - Other information
•Open end funds to declare NAV daily
•NAV to be published at least weekly
•Close end Schemes (which are not listed) may publish
NAV monthly/qt with prior approval from SEBI (MIP)
•NAV has to consider up to date transactions
•Non - recorded transactions not to affect NAV calculation
by more than 2%
45. NAV
• Nav is influenced by
– Purchase and sale of Investment
– Valuation of Investment
– Other assets and Liabilities
– Units sold or redeemed.
46. CHANGE IN NAV
FORMULA :
For NAV change in absolute terms =
(NAV at end of period - NAV at beginning of period) * 100
NAV at beginning of period
For NAV change in annualised terms =
( NAV change in % in absolute terms) * (365 / No. of days )
47. Loads
• Entry Load or front ended load
Paid at the time of purchase
Sale Price = NAV / (1- Sales Load, if any)
• Exit Load or back ended load
Paid at the time of exit
Redemption Price = NAV/(1+ Exit Load)
• Contingent Deferred Sales Load (CDSL)
– Deferred exit load depending on the period
– Also known as deferred load
48. PRICING OF UNITS
•Sale price not greater than 107% of the NAV
•Re-purchase price to be not lower than 93% (95% for
close-end funds) of the NAV
•Difference between the repurchase & sale price can
not be more than 7% of the sale price
49. Sale Price
• Sale Price is the price at which units are sold to
investors.
• Sale Price = NAV + Entry load
• Formula for computation of Sale Price =
NAV/(1-Load)
Assuming an entry load of 2% in the earlier
NAV computation example
Sale Price = 14.80/(1- 0.02)
= 15.10
52. Fees & Expenses
• Initial Issue expenses
– For launching of the scheme
– Can charge up to 6%
• Recurring Expenses
– Mkt & selling exp including brokerage
– Transaction cost
– R&T cost
– Custodian Fees
– Audit fees etc
– Investor Communication’s cost
53. Fees & Expenses
• Amc can charge Investment management fee to
the fund on weekly avg. net assets.
• The limits are: (Subject to overall limit of 6%)
– 1.25% for up to Rs.100 cr Of weekly avg net assets
– 1% in excess of Rs.100 cr.
– No Load schemes can charge an additional fee of 1%
54. Fees & Expenses
• Total Expenses that can be charged to the
Fund ( excluding entry and exit loads):
Equity Debt
– On the first Rs.100 cr 2.50% 2.25%
– On the next Rs.300 cr 2.25% 2.00%
– On the next Rs.300 cr 2.00 % 1.75%
– On the balance assets 1.75% 1.50%
Based on average weekly net assets
55. MUTUAL FUNDS - FEES
• Initial issue expenses
Charge to the scheme capped at 6% of the initial resources
raised under that scheme
• Entry/Exit Loads - Transaction costs
Sale price not greater than 107% / Re-purchase price not lower
than 93% (95% for close-ended schemes) of the NAV
• Contingent Deferred Sales Charge ( For No-Load Schemes)
Ceiling For redemption within 1year 4%
For redemption within 2years 3%
For redemption within 3years 2%
For redemption within 4years 1%
56. AMORTISATION
Initial Expenses amortisation for load schemes -
• for close-ended schemes - on a weekly basis over the
period of the scheme
• for open-ended schemes - annually over a period not
greater than 5 years
• Un-amortised portion to be added to other assets for
computation of NAV
• Amortisation not part of normal recurring expenses