Any mutual fund has an objective of earning income for the investors and getting increased value of their investments. To achieve these objectives mutual funds adopt different strategies and accordingly offer different scheme of investments. On these basis the simplest way to categories schemes would be to group these into two broad classifications. Operational Classification and Portfolio Classification 1. Operational Classification : It highlights the two main types of schemes, i.e. open ended and closed ended which were offered by mutual funds. (i) Open ended Schemes: As the name implies the size of the scheme (fund) is open - i.e. not specified or pre – determined. Entry to the fund is always open to investor who can subscribe at any time. Such funds stand ready to buy or sell its securities at any time. Such funds stand ready to buy or sell its securities at any time. It implies that the capitalization of the funds is constantly charging as investors sell or buy their shares. (ii) Close ended Schemes: Such schemes have a definite period after which their shares / units are redeemed. Unlike open – ended funds, these funds have fixed capitalization, i.e. their corpus normally
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About the Author:
Dr. Sumeet Gupta has more than 11 years of teaching and research experience. Dr. Sumeet Gupta has credit of more than 60 articles and research papers in various reputed magazines and Journals.He is a Certified Public Forensic Accountant (CPFA ) from U.S.A. He has also done Masters in Financial Planning (MIFP), Masters in Financial Consultancy
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- PublisherCentrum Press
- Publication date2011
- ISBN 10 9380921276
- ISBN 13 9789380921273
- BindingPaperback