Investment Perception & Selection Behavior Towards Mutual Funds
Investment Perception & Selection Behavior Towards Mutual Funds Abstract A mutual fund is a trust that combines the resources of a group of investors who all have the same financial objective. Mutual Funds are available to anybody with an investible excess of as low as a few hundred rupees. These investors purchase units in a specific Mutual Fund scheme with a specified investment goal and strategy. The money so gathered is subsequently invested in various kinds of assets by the fund management. Depending on the scheme's declared goals, they may vary from shares to debentures to money market products. The income generated by these investments, as well as the capital appreciation achieved by the scheme, are distributed to the scheme's units in proportion to the number of units held by them. Thus, a mutual fund is the best investment for the average person since it allows them to invest in a diversified, professionally managed basket of assets at a reasonable cost. F...