When did mutual funds first start in India?

Answer Mutual funds started as an industry in India in 1963 when the Unit Trust of India was created. The UTI was established by an Act of Parliament and set up by the Reserve Bank in India. Unit Scheme 1... Read More »

Top Q&A For: When did mutual funds first start in India

Are index funds better than mutual funds?

On One Hand: Index Funds have Lower Fees.Index funds are a type of mutual fund that measures the total value of a group of stocks. Generally index funds resemble the fluctuations of the entire mark... Read More »

The Role of Hedge Funds & Hedge Fund-Like Mutual Funds in a Portfolio?

The initial design of the hedge fund provided a hedging or insurance for the investment portfolio. Now hedge funds offer aggressively managed portfolios with fewer limitations on the investment cho... Read More »

What Is MER in Mutual Funds?

The Management Expense Ratio (MER) is a calculation used in mutual fund evaluations to determine how much is spent on total operating costs compared to the average price per share of assets under m... Read More »

What Is NAV in Mutual Funds?

A mutual fund pools money from many investors into a single fund that buys and sells securities on behalf of these investors. Mutual funds need a way to divide claims to the fund's assets among the... Read More »