What are Mutual Funds?

Mutual Funds

What are Mutual Funds?

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Mutual funds is an investment vehicle that is made by pooling funds from investment in securities such as stocks, bonds, money market instruments and other similar assets. Mutual funds are operated by fund managers, who invest the fund's capital in attempt to produce capital gains. As the investment is made across a wide industries and sectors, the associated risk is reduced to minimum. Mutual fund is issued to an individual based on the capital invested. Investors of mutual funds are referred as unitholders.

The profit or loss in the investment is equally shared by all the investors according to proportion of investment made. Mutual funds are launched in form of schemes with different investment objectives from time to time. A mutual fund scheme should be registered with Securities and Exchange Board of India (SEBI).

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Mutual Funds in India - History
The concept of Mutual Funds in India emerged as success as early as 1990s, when Government allowed public sector banks and institutions to launch mutual funds schemes. Unit Trust of India was the first Mutual Fund in India set-up in the year 1963.

Security and exchange Board of India (SEBI) act was passed in the year 1192. The objective of SEBI are - to regulate security market and protect the interests of investor community. It is regulatory institutions which is responsible for formulating policies and guidelines for operation of mutual funds in India.