This document provides an overview of mutual funds, including their meaning, operation, advantages, limitations, and types. A mutual fund pools money from investors and invests it in stocks, bonds, and other securities. This allows average investors to participate in financial markets while benefiting from diversification and professional management. The main types of mutual funds are open-ended funds, closed-ended funds, interval funds, actively managed funds, and passively managed funds investing in debt, equity, or hybrid securities.
Security analysis portfolio management, Mutual funds, Types of mutual funds, on the basis of lock in period, on the basis of investment, open ended mutual funds & closed ended mutual funds
Security analysis portfolio management, Mutual funds, Types of mutual funds, on the basis of lock in period, on the basis of investment, open ended mutual funds & closed ended mutual funds
Mutual Funds (A survey on People's perspective about Mutual Fund)Sumit Kumar Singh
We always hear about mutual fund through various media, and if you have your demat account with any Depository Participant then you will receive lots of promotional email of NFO. Very surprisingly, the participation of people in MF in India is around 3%.
So, Team (including me) had tried to find the reason for the same by doing a small survey ( of 50 people) systematically.
I have found all primary data and secondary data for this project by my own efforts and the all data are 100% true according to my summer internship experience..Thanks
Provides significant differences between Commercial paper vs Certificate of Deposits.
For a detailed study go to 'Financial Markets' section under FAQs on rbi.org.in
How To Be Sexually Attractive - 17 Fast And Simple Tips For Womenleadingedgehealth
Are you curious about how to be sexually attractive to men? Have you tried it all to no avail? These 17 tips and techniques may be the key to his heart.
Role of Investment Banks in the Financial Crisis of 2008Mujtaba Zeeshan
This presentation explains how the investment banks played a vital role in the occurrence of the global financial crisis of 2008.
There's a brief discussion on Investment banks in general including their functions. Then briefly explaining the crisis in a manner that students can easily remember. And finally to support our claim, a research paper is used as a reference.
IDFC Mutual Fund is a leading Mutual Funds Investment Company in India. Invest in SIP, Equity, Debt, Hybrid, Long Term and Tax Saving Mutual Funds online.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
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What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
3. Meaning
• A Mutual Fund is a trust that pools the savings of a number of investors who
share a common financial goal.
• The money thus collected is then invested in capital market instruments such as
shares, debentures and other securities.
• The income earned through these investments and the capital appreciation
realized are shared by its unit holders in proportion to the number of units
owned by them.
• Thus a Mutual Fund is the most suitable investment for the common man as it
offers an opportunity to invest in a diversified, professionally managed basket of
securities at a relatively low cost.
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5. Role of Mutual funds
• The overall economic development is promoted.
• The mutual fund industry itself, offers livelihood to a large number of employees
of mutual funds, distributors, registrars and various other service providers.
• Higher employment, income and output in the economy boost the revenue
collection of the government through taxes and other means.
• Mutual funds can also act as a market stabilizer, and are viewed as a key
participant in the capital market of any economy.
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6. Advantage of Mutual Fund
• Professional Management
• Diversification
• Economies of scale
• Low Costs
• Liquidity
• Transparency
• Flexibility
• Tax benefits
• Well regulated(systematic approach)
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7. Limitation of a Mutual Fund
• Lack of Portfolio customization
• Choice Overload
• No control over cost
• Dilution
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8. Mutual Fund Scheme
• Mutual funds seek to mobilize money from all possible investors.
• Various investors have different investment preferences. In order to
accommodate these preferences, mutual funds mobilize different pools of
money.
• Each such pool of money is called a mutual fund scheme.
• Every scheme has a pre-announced investment objective.
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9. Frequently Used Terms :
• NAV:- Net Asset Value is the market value of the assets of the scheme minus its
liabilities. The per unit NAV is the net asset value of the scheme divided by the number of
units outstanding on the valuation date.
• Sale Price:- Is the price you pay when you invest in a scheme. Also called Offer Price. It
may include a sales load.
• Repurchase Price :-Is the price at which units under open-ended schemes are
repurchased by the Mutual Fund. Such prices are NAV related.
• Redemption Price:- Is the price at which close-ended schemes redeem their units on
maturity. Such prices are NAV related.
• Sales Load :- Is a charge collected by a scheme when it sells the units. Also called,
‘Front-end’ load. Schemes that do not charge a load are called ‘No Load’ schemes.
• Repurchase or ‘Back-end’Load:- Is a charge collected by a scheme when it buys back the
units from the unit holders.
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10. How do Mutual Schemes Operate ?
• Mutual fund schemes announce their investment objective and seek investments from
the public.
• The investment that an investor makes in a scheme is translated into a certain number
of ‘Units’ in the scheme.
• Under the law, every unit has a face value of Rs10. (However, older schemes in the
market may have a different face value). The face value is relevant from an accounting
perspective. The number of units multiplied by its face value (Rs10) is the capital of the
scheme – its Unit Capital.
• The scheme earns interest income or dividend income on the investments it holds.
Further, when it purchases and sells investments, it leads to realized capital gains or
realized capital losses as the case may be.
• Investments owned by the scheme may be quoted in the market at higher than the cost
paid. Such gains in values on securities held are called valuation gains. Similarly, there
can be valuation losses.
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11. • Investments can be said to have been handled profitably, if the following
profitability metric is positive:
(A) Interest income
(B) + Dividend income
(C) + Realized capital gains
(D) + Valuation gains
(E) – Realized capital losses
(F) – Valuation losses
(G) – Scheme expenses
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12. • When a scheme is first made available for investment, it is called a ‘New Fund
Offer’ (NFO). During the NFO, investors may have the chance of buying the units
at their face value. Post-NFO, when they buy into a scheme, they need to pay a
price that is linked to its NAV.
• Mutual funds address differential expectations between investors within a
scheme, by offering various options, such as dividend payout option, dividend re-investment
option and growth option.
• The relative size of mutual fund companies is assessed by their assets under
management (AUM). When a scheme is first launched, assets under
management would be the amount mobilized from investors. Thereafter, if the
scheme has a positive profitability metric, its AUM goes up; a negative
profitability metric will pull it down.
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13. Types of Mutual Funds
• Open Ended Funds:-
These do not have a fixed maturity.
The key feature is liquidity.
Sale Transaction
Re-purchase Transaction
• Close Ended Funds :-
stipulated maturity period (ranging from 2 to 15 years) are called close ended schemes.
You can invest in the scheme at the time of the initial issue .
The market price at the stock exchange could vary from the scheme’s NAV on account of
demand and supply situation, unitholders’ expectations and other market factors.
One of the characteristics of the close-ended schemes is that they are generally traded at a
discount to NAV.
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14. • Interval Funds :-
These combine the features of open-ended and close-ended schemes.
For instance, an interval scheme might become open-ended between January 1
to 15, and July 1 to 15, each year. The benefit for investors is that, unlike in a
purely close-ended scheme, they are not completely dependent on the stock
exchange to be able to buy or sell units of the interval fund.
Minimum duration of an interval period in an interval scheme/plan is 15 days.
The specified transaction period where redemption/repurchase of units are
allowed will be of minimum 2 working days, as per revised SEBI Regulations.
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15. • Actively Managed Funds:- Funds where the fund manager has the flexibility to
choose the investment portfolio, within the broad parameters of the
investment objective of the scheme. Since this increases the role of the
fund manager, the expenses for running the fund turn out to be higher.
Investors expect actively managed funds to perform better than the
market.
• Passive Funds:- Invest on the basis of a specified index, whose performance
it seeks to track. Thus, a passive fund tracking the BSE Sensex would buy
only the shares that are part of the composition of the BSE Sensex.
• Thus, the performance of these funds tends to mirror the concerned
index. Such schemes are also called index schemes.
• These schemes have low running costs.
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16. • Debt , Equity and hybrid Funds :-
Equity shares and equity-related investments like convertible debentures.
Such schemes are called equity schemes.
Schemes with an investment objective that limits them to investments in
debt securities like Treasury Bills, Government Securities, Bonds and
Debentures are called debt funds.
Hybrid funds have an investment charter that provides for a reasonable
level of investment in both debt and equity.
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17. Types of debt Funds
• Gift Funds
• Diversified Debt Funds
• Junk Bond Schemes
• Fixed Maturity Plans
• Floating rate funds
• Liquid Schemes
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18. Types of Equity Funds
• Diversified Equity Fund
• Sector Funds
• Thematic Funds
• Equity Linked Savings Schemes
• Equity Income Schemes
• Arbitrage Funds
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19. Types of Hybrid funds
• Monthly Income Plan
• Capital Protected Schemes
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20. Gold Funds
• These funds invest in gold and gold-related securities. They can be
structured in either of the following formats:
• Gold Exchange Traded Fund:-which is like an index fund that invests in
gold.
The NAV of such funds moves in line with gold prices in the market.
• Gold Sector Funds i.e. the fund will invest in shares of companies
engaged in gold mining and processing.
Though gold prices influence these shares, the prices of these shares are
more closely linked to the profitability and gold reserves of the
companies.
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21. • Real Estate Funds:- They take exposure to real estate. Such funds make it possible
for small investors to take exposure to real estate as an asset class. Although
permitted by law, real estate mutual funds are yet to hit the market in India.
• Commodity Funds:- Commodities, as an asset class, include:
• food crops like wheat and chana
• spices like pepper and turmeric
• fibres like cotton
• industrial metals like copper and aluminium
• energy products like oil and natural gas
• precious metals (bullion) like gold and silver
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22. International Funds
• These are funds that invest outside the country. For instance, a mutual
fund may offer a scheme to investors in India, with an investment
objective to invest abroad.
• There are two methods to invest in International funds that is is to hire the
requisite people who will manage the fund or the alternative is to have a
tie up with a foreign fund (called the host fund).
• In such schemes, the local investors invest in rupees for buying the Units.
The rupees are converted into foreign currency for investing abroad.
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23. Funds of funds
Fund of Funds are schemes that invest in other mutual fund schemes. The portfolio of
these schemes comprise only of units of other mutual fund schemes and cash / money
market securities/ short term deposits pending deployment.
The first FOF was launched by Franklin Templeton Mutual Fund on October 17, 2003.
Fund of Funds can be Sector specific e.g. Real Estate FOFs, Theme specific e.g. Equity
FOFs, Objective specific e.g. Life Stages FOFs or Style specific e.g. Aggressive/ Cautious
FOFs etc.
Investment must be done in different schemes to be able to get the combination of
growth, income and stability that is right for you. Remember, as always, higher the return
you seek higher the risk you should be prepared to take.
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24. Exchange Traded funds
Exchange traded funds popularly also known as ETFs, is a type of mutual fund wherein,
the corpus is invested in a basket of securities, which is being traded on an exchange.
Further, an Exchange traded fund investments are being made either on all the securities
or on a sample of the representative securities that are being traded in the said index.
The exchange traded funds employ the process of arbitration during trading, in order to
keep its trading value in sync with the values of the underlying stocks, which makes up
the portfolio.
All the Exchange Traded Funds in India are regulated by the Association of Mutual Funds
of India (AMFI). Further, the Association of Mutual Funds of India (AMFI) operates in
accordance with the laid down guidelines of the Securities and Exchange Board of India
(SEBI). The Chapter III of the Income Tax Act, 1961 provides tax exemption on
investment on Exchange Traded Funds. The rise of the Indian capital markets and
increasing numbers of exchange has propelled the growth in the numbers of Exchange
traded funds in India.
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25. Trends
• SEBI, The Securities and Exchange Board of India has declared in recent past for some measures to restore the share
market of India via wider participation of retail investors in mutual funds in India apart from IPOs. This measure is taken
with a vision that this is going to stabilize the volatile
• These reforms brought into action by SEBI at that time of Indian Share market when analysts are stressing on the key
point of retail FDI and retail investment. This move will walk towards an increase penetration and bas of mutual funds in
India.
• The retail investors here are few things a retail investor needs to know before investing in the mutual funds.
Analyze your current personal financial situations and plans for future
Research well before investing in any of the financial instruments
Make a diversified investment portfolio to reduce the chances of loss
Never walk towards making your portfolio crowded which hinders a regular track
Manage and monitor funds on regular basis by limited the number of funds
Always keep a long term investment perspective, it reduces loss
Mutual funds are of many types, research properly before investing in any of them.`
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