Sayali Investment
Welcome to Sayali Investment
Concept of a mutual fund -
A common pool of money into which Investors place their contribution. This money is to be invested According to the pre-stated objectives of the fund. Ownership of the fund is joint or mutual amongst all investors – equivalent to the contribution made as a proportion of the overall fund. Ownership through holding of units at NAV.
A common pool of money into which Investors place their contribution. This money is to be invested According to the pre-stated objectives of the fund. Ownership of the fund is joint or mutual amongst all investors – equivalent to the contribution made as a proportion of the overall fund. Ownership through holding of units at NAV.
A brief history of MF industry in India
A brief History –Mutual Funds in India
- UTI constituted in 1963 by a special act of parliament.
- Public Sector banks were allowed to launch mutual funds late 80s.
- SEBI was formed for investor protection in 1992 & mutual funds to be governed by SEBI.
- Private Sector funds started form 1994 with the first one to hit was the The Morgan Stanley Growth Fund ( A close ended fund).
- Debacle of US 64 scheme from 1995 . The Players in the Indian MF Industry.
- Mutual Fund – The US Experience. Every third household is a mutual fund investor.
- Mutual funds have overtaken bank deposits.
- Over 5000 mutual funds with total assets of over Rs. 350 lac crores (India’s GDP is Rs.28 lac crores)
