Comparative Analysis on the Performance of Sectorial Mutual Funds
Comparative Analysis on the Performance of Sectorial Mutual Funds Abstract A mutual fund is a system in which a group of individuals pool their money towards a common financial goal. The gathered money is invested in the capital market, and therefore the money gained is divided based on the number of units held. The open-end fund business began in India in a limited manner with the UTI Act, which established what was essentially a tiny savings section under the RBI. Over a 25-year period, this grew fairly successfully and provided an honest return to investors, and thus in 1989, as the next logical step, public sector banks and financial institutions were allowed to float mutual funds, and their success encouraged the government to allow the private sector to raid this area. Professional management, diversity, economies of scale, simplicity, and liquidity are all benefits of open-end funds. For More Details About Comparative Analysis on the Performance of Sectorial Mutual Fu...