Open AccessA Study on Investor’s Attitude Towards SBI and HDFC Mutual Fund in Coimbatore City
Author(s) -
L. Senthilkumar
Publication year - 2021
Publication title -
international journal of advanced research in science, communication and technology
Language(s) - English
Resource type - Journals
ISSN - 2581-9429
DOI - 10.48175/ijarsct-2068
Subject(s) - mutual fund , unit trust , closed end fund , business , open end fund , finance , investment fund , fund administration , income fund , money market , target date fund , index fund , fund of funds , financial system , institutional investor , interest rate , market liquidity , corporate governance
A Mutual Fund is a professionally-managed form of collective investments that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities. Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. This pool of money is invested in accordance with a stated objective. The joint ownership of the fund is thus “Mutual”, i.e. the fund belongs to all investors. 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 appreciations realized are shared by its unit holders in proportion the number of units owned by them. Thus a Mutual Fund is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost.