9. Mutual Funds: Mutual Funds are financial instruments. These funds are collective investments which gather money from different investors to invest in stocks, short-term money market financial instruments, bonds and other securities and distribute the proceeds as dividends. The Mutual Funds in India are handled by Fund Managers, also referred as the portfolio managers.
10. Types Of Mutual Funds Equity Funds Debt or Income Funds Balanced Funds Liquid Funds Index Funds
11. Mutual Fund Operation Flow Chart Pool Their money with Passed back to Invest in Generates
13. Growth of Mutual Funds Mutual funds are opened in India 1963 by Unit Trust of India. U.T.I is Monopoly in MF up to 1986-87 In July 1987 SBI MF was stared followed by Canara Bank in 1987 and other Major banks also. 1987- Public Sector banks, Insurance Companies SBI, Canbank, PNB LIC, GIC 1993- Private Sector Kothari Pioneer ( later merged with Franklin Templeton), J P Morgan, Morgan Stanley, George Soros and Capital International
14. Phases of Mutual Fund First phase- 1964-87 Second Phase - 1987-1993 Third Phase - 1993-2003 Fourth Phase - since Feb 2003
15.
16. The first scheme launched by UTI was Unit Scheme 1964.
17. In 1978 UTI was de-linked from the RBI and the Industrial Development Bank of India (IDBI) took over the regulatory and administrative control in place of RBI.
23. The erstwhile Kothari Pioneer (now merged with Franklin Templeton) was the first private sector mutual fund registered in July 1993.
24. The 1993 SEBI (Mutual Fund) Regulations were substituted by a more comprehensive and revised Mutual Fund Regulations in 1996
25. At the end of January 2003, there were 33 mutual funds with total assets of Rs. 1,21,805 crore.
26.
27. The second is the UTI Mutual Fund Ltd, sponsored by SBI, PNB, BOB and LIC. It is registered with SEBI and functions under the Mutual Fund Regulations.
31. AMFI is an apex body of all Asset Management Companies (AMC) which has been registered with SEBI.
32. AMFI has brought down the Indian Mutual Fund Industry to a professional and healthy market with ethical lines enhancing and maintaining standards.
33.
34. Definition A contract between an insurance company and a person or group which provides for a money payment in case of covered loss, accident or death.
35. Major types of insurances Life insurance Automobile insurance
37. Insurance Companies Life Insurance corporation of India (LIC) Bajaj Allianz General Insurance ICICI Prudential Life Insurance ICICI Lombard General Insurance Birla Sun Life Insurance Tata AIG General Insurance New India Assurance Co. Oriental Insurance Co. HDFC Standard Life Insurance Max NewYork Life Insurance
