Basics of Indian Mutual Funds & SIP: Guide for beginner (Financial Education Book 2)
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35%. Mutual funds are the only instruments which gave proper inflation adjusted high returns.
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A mutual fund consists of mainly five components –sponsors, trustees, AMC, transfer agents and custodian. Mutual funds are regulated by SEBI (Securities Exchange Board of India) and AMFI (Association of Mutual Funds in India).
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period. Generally for equity funds holding period of up to 1 year is regarded as short term and more than 1 year is regarded as long term. In case of debt funds holding period of up to 3 years (36 months) is referred to as short term and more than 36 months is regarded as long term.