International Research journal of Management Science and Technology
ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST
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STUDY OF MUTUAL FUND INDUSTRY WITH SPECIAL REFERENCE TO FUND OF FUNDS SCHEME
2 Author(s): SUDIP BANERJEE, PRASHANTSARASWAT
Vol - 8, Issue- 8 , Page(s) : 10 - 18 (2017 ) DOI : https://doi.org/10.32804/IRJMST
A Mutual Fund is a trust that increases the savings of the investors who shares a common financial goal like capital formation and dividend earning. The money collected from the investors systematically invested in capital market instruments such as shares, debentures or other securities by the professional fund manager. The profit earned through these investments realized by its investors in the proportion of number of units owned by them. Because of diversification investment and professionally managed by the fund house at a relatively low cost create an opportunity for the investors to invest in this market with low risk. Fund of funds is an investment strategy that invests primarily in other schemes of the same mutual fund or other mutual funds