Abstract
“A Mutual fund is an investment that pools yours money with the money of an unlimited number of other investors. In return, you and the other investors each own shares of the fund.” Many nationalized banks got into the mutual fund business in the early nineties and got off to a good start due to the stock market boom prevailing then. The money thus collected is investors by the fund manager in different types of securities depending upon the objective of the scheme. These could range from shares to debentures to money market instruments. In fact, they have forced the industry to upgrade itself and service levels of organizations like UTI have improved dramatically in the last few years in response to the competition provided by these. So many potential investors in India mutual funds can go a long way in getting established, plus with added set of alternatives within the mutual funds schemes each has a scheme ready for the specific needs.
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