Post by capitalstars Equity tips on Sept 17, 2015 19:47:01 GMT 8
ORIGIN OF MUTUAL FUNDS IN INDIA:
The history of mutual funds dates backs to 19th century when it was introduced in Europe, in particular, Great Britain. Robert Fleming set up in 1968 the first investment trust called Foreign and Colonial Investment Trust which promised to manage the finances of the moneyed classes of Scotland by spreading the investment over a number of different stocks. This investment trust and other investments trusts which were subsequently set up in Britain and the US, resembled today’s close – ended mutual funds. The first mutual in the U.S., Massachustsettes investor’s Trust, was set up in March 1924. The stock market crash in 1929, the Great Depression, and the outbreak of the Second World War slackened the pace of mutual fund industry, innovations in products and services increased the popularity of mutual funds in the 1990s and 1960s. The first international stock mutual fund was introduced in the U.S. in 1940. In 1976, the first tax – exempt municipal bond funds emerged and in 1979, the first money market mutual funds were created. The latest additions are the international bond fund in 1986 and arm funds in 1990. This industry witnessed substantial growth in the eighties and nineties when there was a significant increase in the number of mutual funds, schemes, assets, and shareholders. In the US, the mutual fund industry registered a ten – fold growth the eighties. Since 1996, mutual fund assets have exceeded bank deposits. The mutual fund industry and the banking industry virtually rival each other in size.
TYPES OF MUTUAL FUNDS:
Wide variety of Mutual Fund Schemes exists to cater to the needs such as financial position, risk tolerance and return expectations etc. The table below gives an overview into the existing types of schemes in the Industry. By Structure
Open Ended Funds
Close Ended Funds
Interval Funds
By Investment Objective
Growth Funds
Income Funds
Balanced Funds
Money Market Fund
Other Schemes
Tax Saving Funds
Special Funds
Index Funds
Sector Specific Fund
Get here Indian share market Tips , Stock Trading tips and all Financial Market , Mutual Fund Updates .
The history of mutual funds dates backs to 19th century when it was introduced in Europe, in particular, Great Britain. Robert Fleming set up in 1968 the first investment trust called Foreign and Colonial Investment Trust which promised to manage the finances of the moneyed classes of Scotland by spreading the investment over a number of different stocks. This investment trust and other investments trusts which were subsequently set up in Britain and the US, resembled today’s close – ended mutual funds. The first mutual in the U.S., Massachustsettes investor’s Trust, was set up in March 1924. The stock market crash in 1929, the Great Depression, and the outbreak of the Second World War slackened the pace of mutual fund industry, innovations in products and services increased the popularity of mutual funds in the 1990s and 1960s. The first international stock mutual fund was introduced in the U.S. in 1940. In 1976, the first tax – exempt municipal bond funds emerged and in 1979, the first money market mutual funds were created. The latest additions are the international bond fund in 1986 and arm funds in 1990. This industry witnessed substantial growth in the eighties and nineties when there was a significant increase in the number of mutual funds, schemes, assets, and shareholders. In the US, the mutual fund industry registered a ten – fold growth the eighties. Since 1996, mutual fund assets have exceeded bank deposits. The mutual fund industry and the banking industry virtually rival each other in size.
TYPES OF MUTUAL FUNDS:
Wide variety of Mutual Fund Schemes exists to cater to the needs such as financial position, risk tolerance and return expectations etc. The table below gives an overview into the existing types of schemes in the Industry. By Structure
Open Ended Funds
Close Ended Funds
Interval Funds
By Investment Objective
Growth Funds
Income Funds
Balanced Funds
Money Market Fund
Other Schemes
Tax Saving Funds
Special Funds
Index Funds
Sector Specific Fund
Get here Indian share market Tips , Stock Trading tips and all Financial Market , Mutual Fund Updates .