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Ua mutual fund collects the savings from the small investors,invest them in Govt or corporate securities and earn income thru interest or dividend. Equity investment is a vehicle for speculators,but MF is a vessel for genuine and conseravtive investor. Ua fund established in the form of a trust by a sponsor,to raise money by the trustees thru the sale of units to the public,for investing in securities in accordance with the sebi regulations.
Ua mutual fund collects the savings from the small investors,invest them in Govt or corporate securities and earn income thru interest or dividend. Equity investment is a vehicle for speculators,but MF is a vessel for genuine and conseravtive investor. Ua fund established in the form of a trust by a sponsor,to raise money by the trustees thru the sale of units to the public,for investing in securities in accordance with the sebi regulations.
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Ua mutual fund collects the savings from the small investors,invest them in Govt or corporate securities and earn income thru interest or dividend. Equity investment is a vehicle for speculators,but MF is a vessel for genuine and conseravtive investor. Ua fund established in the form of a trust by a sponsor,to raise money by the trustees thru the sale of units to the public,for investing in securities in accordance with the sebi regulations.
Copyright:
Attribution Non-Commercial (BY-NC)
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Als PPTX, PDF, TXT herunterladen oder online auf Scribd lesen
Appreciation+Income earned with interest or dividend m Why people preferring MF than Bank deposit or LIC? Bcoz with a little money ,they can get into the investment game Thus MF acts as a gateway between companies & investors with his small investment. V As per SEBI definition,µA fund established in the form of a trust by a sponsor,to raise money by the trustees thru the sale of units to the public,under one or more schemes ,for investing in securities in accordance with the sebi regulations.µ V In simple words,µa mutual fund collects the savings from the small investors,invest them in Govt or corporate securities & earn income thru interest or dividend ,besides capital gainµ m Investment in equity share represents investments in a particular company alone.But in MF investment refers to parts of shares of a large number of companies. m If a particular company fails ,then share holder will suffer a lot,ButMF holders are able to withstand that risk by means of their diversified companies. m Equity investment is a vehicle for speculators,But MF is a vehicle for genuine & conseravtive investor. V rrofessional Management V Diversifications V Convenience V Return potential V Low costs V Liquidity V Transparency V Flexibility V Choice of schemes V Tax benefits V Governemnt regulation V Shareholders services V Safety from loss due to unethical practices V rroduct structure V Market value of each unit of a particular scheme in relation to all the assets of the scheme. V Otherwise called as intrinsic value V True indicator of the performance of the fund. V If Nav> face value->the fund is appreciated V NAV=Total funds in a scheme/no of units V Eg:If the scheme size is 100crores,value of one unit is Rs.10,current market value of the scheme is 200 crors,then NAV(now)=200/100*value of one unit V i.e RS.20 m On the basis of Operation -> 1. Open ended 2. closed ended 3. Interval funds m On the basis of Geographical-> 1. Offshore MF 2. Domestic MF m On the basis of Structure 1. Capital Market 2. Money market 4 Sponsor->The company which sets that MF is called sponsor. 2 rustees->Safeguarding the interest of investors.They monitor the operations of various schemes they can even dismiss the AMC with the approval of SEBI 3 Success of mF depends upon the performance of AMC. Manages the funds of various schemes. They submits quarterly report on the functioning of MF to the trustees who will guide & control the AMC V Investment objective V rast performance V Equity research V Global linkages(Fund manager·s expertise in global markets) V Transparency in fund accounting(should disclose NAV periodically & fact sheet) V Investor services V Stability V Liquidity V Growth V Credibility of the issuer V Returns V Management approach m Equity Diversified Funds m Hybrid Funds m Gilt Funds m Income Funds m Liquid Funds m Liquid rlus Funds m Money Market funds m Arbitrage Funds m Index Funds m Exchange Traded Funds m Equity Linked Savings Scheme Association of Mutual Funds in India (AMFI) incorporated in Aug 1995 is the Umbrella body of all the mutual fund registered with SEBI. It is non profit organization committed to developed the Indian mutual fund industry on professional, healthy & ethical lines & to enhance and maintain standards in all areas with a view to protecting & promoting the interests of Mutual Funds and their unit holders. AMFI is an industry association,not an SRO, so it can just issue guidelines to members. It cannot enforce regulations. Objectives of :- m To promote the interests of mutual funds and unit holders. m To set ethical, commercial and professional standards in the industry. m To increase public awareness of the mutual fund industry. AMFI is governed by a board of directors elected from mutual funds and is headed by a full time chairman. AMFI has therefore prepared guidelines for intermediaries called AMFI Guidelines & Norms for Intermediaries (AGNI). Chairman-Mr.r.Kurian V Should be managed by AMC V Money markets schemes regulated by RBI & capital markets schemes regulated by SEBI V 50% of Board of directors must be independent directors (no connection with sponsoring company) V Directors should have atleast 10years of experience in financial services industry V Minimum AMC networth should be RS.10 crores V SEBI has the power to withdraw the powers of AMC if they fail to keep the interest of investors V An AMC can not act as a AMC for other MF V AMCs are allowed to do other business such as management services to offshore funds,venture capital funds & Insurance companies V Minimum amount to be raised with open ended scheme Rs.50 crores & closed ended scheme Rs.20 crores V Each scheme should be registered with SEBI before floating in the market V Initial issue expenses should not exceed 6% of the funds raised V For violating laws SEBI can impose penalty