ROLE OF MUTUAL FUND SCHEMES IN ODISHA

Abstract

The mutual fund is the one of the important instrument in all the capital market of the world. At present mutual funds play an important role in the growth of capital market in India. Generally, mutual fund is a trust that pools the savings of a number of investors who share a common financial goal. The money thus collected is then invested in capital market instruments such as shares, debentures, and others securities. The income earned through these investments and the capital appreciations realized are shared by its unit holders in proportion to number of units owned by them. Thus, a mutual fund is the most suitable investment for the common people as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost.