MUTUAL FUND

PERSENTED BY SUSHIL JOLLY

MUTUAL FUND???
A MUTUAL FUND BRING TOGETHER FROM MANY
PEOPLE AND INVESTS IT IN STOCKS,BONDS AND
OTHER ASSETS.

A MUTUAL FUND IS PROFESSIONALLY MANAGED

TYPE OF COLLECTIVE INVESTMENTE THAT POOLS
MONEY FROM MANY INVESTORS AND INVEST IT
IN STOCKS,BONDS AND OTHERS SECURITIES.
MUTUAL FUND FLOW CHART
HISTORY

• 1964-UTI
• 1987- PUBLIC SECTOR BANK, INSURANCE COMP
-ANIES SBI, CANBANK, PNB, LIC, GIC.
• THE INDUSTRY WAS OPENED UP TO PRIVA
-TE SECTOR IN1993.
• 40 MUTUAL FUND AT THE END OF MARCH
2008.
 REGULATION OF MFs
• GOVERNED BY SEBI (Mutual Fund)
REGULATION 1996.
– All MFs REGISTERED WITH IT, CONSTITUTED
AS TRUSTS( under Indian Trusts Act, 1882).
• AMC REGISTERED AS COMPANIES
REGISTERED UNDER COMPANIES ACT,
1956
– NAV TO BE DECLARED EVERYDAY FOR
OPEN-ENDED, EVERY WEEK FOR CLOSED
ENDED.
CONTD…..
• DISCLOSE ON WEBSITE, AMFI,
NEWSPAPERS.
• HALF-YEARLY RESULTS,ANNUAL REPORTS
 TYPE OF MF..
• 1 ACCORDING TO MATURITY PERIOD.
- OPEN ENDED FUND.
- CLOSE ENDED FUND.
• 2 ACCORDING TO INVESTMENT OBJECTIVE.
- GROWTH/EQUITY ORIENTED .
- BALANCED FUND .
- GILT FUND.
- INCOM/DEBT ORIENTED.
 CONTD….
• 3 EXCHNGE TRADED FUND (ETFs)
(TRADE IN INDIVIDUAL STOCS,SECTOR ON AN EXCHANGE)

- FOR e.g.
FMCG SOFTWARE

PHARMACEUTICAL
 GOLD EXCHANGE TRADED
FUND (GETFs)
(GETFs UNIT IS LIKE A MFs WHOSE UNDERLYING ASSET IS GOLD)
THE GETF LISTED ON NSE (MARCH 19,2007)

(AUGEST 8,2007)

(NONEMBER 26,2007)
 FREQUENTLY USED TERMS
• NET ASSETS(N.A.)= (T.A.-C.L.)
• NET ASSETS VALUE= N.A./NO. OF
UNITS (IT IS APER UNIT OF THE N.A. OF A FUND)
• FUND MANAGER (The individual responsible for
making portfolio decision for a mutual fund)
• DIVIDEND (Profits given to the investor from time to
time)
• ENTRY LOAD/FRONT-END LOAD - The
commission charged at the time of buying the fund. -To cover
costs for selling, processing
 CONTD…
• EXIT LOAD/BACK- END LOAD (The
commission or charge paid when an investor exits from a
mutual fund)

• SALE PRICE/ OFFER PRICE (Price you pay to

invest in a scheme. May include a sales load.)

• RE-PURCHASE PRICE/BID PRICE (Price at

which close-ended scheme repurchases its units)
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