GROWTH AND DEVELOPMENT OF MUTUAL FUND IN INDIA- AN OVERVIEW

A Mutual Fund is a trust that collects the savings of a number of investors who share a common financial goal. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciation realized are shared by its unit holders in part to the number of units owned by them. Thus a Mutual Fund is the most suitable investment for the common man as it offers a prospect to invest in a diversified, professionally managed basket of securities at a comparatively low cost