A STUDY OF MUTUAL FUNDS

Three Boston executives in 1924 pooled their money with no idea of how popular the assemblage would become. The formation of Unit Trust of India, 1963 along with the inventiveness of Government of India and Reserve Bank, led to the dawn of new industry i.e. mutual fund industry in India. Its huge corpus enables diversification, thereby minimizing the risks and maximizing the returns. In order to become customer's preference now-a-days, numerous specialised plans in specific to retirement, children etc have also been fabricated. The present paper is an attempt to know about Mutual Fund, it's various schemes and analyse the different risk factors involved.