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Mutual Funds
Mutual Fund
An old Axiom :
• The mutual fund attracts foreign capital flow in the country and secure
profitable investment avenues abroad for domestic savings through the
opening of off shore funds in various foreign investors
Portfolio Risk
Management What Mutual
Process Management Funds are not?
1964
1987
1993
2009 ?
Regulations
• Governed by SEBI (Mutual Fund) Regulation 1996
– All MFs registered with it, constituted as trusts ( under Indian Trusts
Act, 1882)
• Bank operated MFs supervised by RBI too
• AMC registered as Companies registered under Companies Act, 1956
• SEBI- Very detailed guidelines for disclosures in offer document, offer
period, investment guidelines etc.
– NAV to be declared everyday for open-ended, every week for closed
ended
– Disclose on website, AMFI, newspapers
– Half-yearly results, annual reports
– Select Benchmark depending on scheme and compare
• Bibliography-
http://www.sbimf.com/portal/static/applyonline.html
http://www.fundsavvy.com/mutual_funds_articles/buy-mutual-funds.htm
http://www.mutualfundsindia.com/
www.rediff.com / MONEY
www.amfiindia.com/
http://www.sharemarketbasics.com/Mutual-Funds