Whats Mutual Fund ?

An investment programme funded

by shareholders that trades in
diversified holdings and is
professionally managed.

Meaning
Amutual fundis a type of
professionally managedinvestment
fundthat pools money from many
investors to purchasesecurities.
They are sometimes referred to as
"investment companies" or
"registered investment companies".

History
The first mutual funds were
established in Europe. One
researcher credits aDutchmerchant
with creating the first mutual fund in
1774.
Mutual funds were introduced to the
United States in the 1890s, and they
became popular in the 1920s.

 The first open-end mutual fund,

called the Massachusetts Investors
Trust (now part of theMFS family of
funds), with redeemable shares was
established on March 21, 1924.

Mutual Funds in India

The first introduction of amutual
fundinIndiaoccurred in 1963, when
theGovernment of
IndialaunchedUnit Trust of
India(UTI).
Until 1987, UTI enjoyed a monopoly in
the Indian mutual fund market.
This market was made open to
private players in 1993.

 The firstprivate sectorfund to

operate in India was Kothari Pioneer,
which later merged withFranklin
Templeton.
In 1996, SEBI formulated the Mutual
Fund Regulation which is a
comprehensive regulatory
framework.
There are 46 Mutual Funds as of June
2013.

Types of Mutual Funds

Money market funds

Fixed income funds
Equity funds
Balanced funds
Index funds
Specialty funds
Fund-of funds

Advantages

Increased diversification
Daily liquidity
Professional investment management
Ability to participate in investments that
may be available only to larger investors
Service and convenience
Government oversight
Ease of comparison

Disadvantages
Fees
Less control over timing of
recognition of gains
Less predictable income
No opportunity to customize

Top 20 Companies

HDFC Mutual Fund

Reliance Mutual Fund
ICICI Prudential Mutual Fund
Birla Sun Life Mutual Fund
UTI Mutual Fund
SBI Mutual Fund
Franklin Templeton Mutual Fund
IDFC Mutual Fund

Kotak Mahindra Mutual Fund

DSP BlackRock Mutual Fund
Tata Mutual Fund
Deutsche Mutual Fund
L&T Mutual Fund
Sundaram Mutual Fund
JPMorgan Mutual Fund
Religare Invesco Mutual Fund
Axis Mutual Fund
LIC NOMURA Mutual
Canara Robeco Mutual Fund
HSBC Mutual Fund

Conclusion

Mutual Fundsare the smart

way to invest your hard earned
money to earn MORE MONEY.