Mutual Funds
Lets learn what is mutual funds... When a individual person invests in a company, he is called as investor. When an AMC (Asset Management Company) invests in a company using funds pooled from various people, it is called Mutual fund. A Mutual Fund is managed by AMC. In the year 2017, there was an IPO ( Initial public offering) called Reliance Nippon Life, they are the AMC of Reliance Mutual Fund. Similarly, every Mutual Fund has an AMC. Lets view the types of Mutual Funds and ponder on the subject little more. I will show a pictorial view of the types of Mutual Funds available and explain about it, Open-ended funds: These funds buy and sell units on a continuous basis and, hence, allow investors to enter and exit as per their convenience. The units can be purchased and sold even after the initial offering (NFO) period (in case of new funds). The units are bought and sold at the Net Asset Value (NAV) declar...
