2. ๏ฑ A mutual fund is a professionally-managed form of collective investments
that pools money from many investors and invests it in stocks, bonds, short-
term money market instruments, and/or other securities. In a mutual
fund, the fund manager, who is also known as the portfolio manager, trades
the fund's underlying securities, realizing capital gains or losses, and collects
the dividend or interest income.
๏ฑ Legally known as an "open-end company" under the Investment Company
Act of 1940(the primary regulatory statute governing investment
companies), a mutual fund is one of three basic types of investment
companies available in the United States.
3. โข A Mutual Fund is a trust that pools
the savings of a number of
investors who share a common
financial goal.
โข The money thus collected is then
invested in capital market
instruments such as
shares, debentures and other
securities.
โข The income earned through these
investments and the capital
appreciation realised are shared by
its unit holders in proportion to the
number of units owned by them.
โข 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.
4.
5. ๏ An organization (or organisation โ see spelling differences) is a social
group which distributes tasks for a collective goal. The word itself is derived
from the Greek word organon, itself derived from the better-known word
ergon - as we know `organ` - and it means a compartment for a particular job.
๏ Management is interested in organization mainly from an instrumental point of
view. For a company, organization is a means to an end to achieve its
goals, which are to create value for its stakeholders
(stockholders, employees, customers, suppliers, community).
moreover, (Samson, p 25. 2005) describes organising as โthe management
function concerned with assigning tasks, grouping tasks into departments, and
allocating resources to departments
10. ๏ฑ UNITHOLDERS
(SHAREHOLDERS)
๏ฑTRANSFER
AGENT
AND REGISTRAR
๏ฑ TRUSTEE
11. ๏ ITS
VERY IMPORTANT FOR A MUTUAL
FUND TO SUCEED TO BE ORGANISED
WELL WITH EXPERTISED PEOPLE
HAVING WIDE FINANCIAL KNOWLEDGE
AND EXPERIENCE..SO,IT CAN BE SAID
A WELL ORGAINISED MUTUAL FUND
WOLULD PROVIDE A SUBSTANTIL
RETURNS TO INVESTORSโฆ