Mutual Funds are professionally managed investment schemes where money from several investors is pooled by an Asset Management Company (AMC) and invested in different instruments such as debt, equity and money market securities. The resulting profit, after deductions by the asset management company (AMC), is given back to the investors as dividends or capital appreciation. Mutual Funds are regulated by the Association of Mutual Funds in India (AMFI).
To invest in a Mutual Fund, you need to understand the types of Mutual Funds that are available to you. These include: