A Comparative Study of Various Returns on Mutual Funds in India
No Thumbnail Available
Date
Journal Title
Journal ISSN
Volume Title
Publisher
Academic Journal Incorporations
Abstract
Description
The history of mutual funds dates support to 19th century when it was introduced in Europe, in particular, Great Britain. Robert Fleming set up in 1868 the first investment trust called Foreign and colonial investment trust which promised to manage the finances of the moneyed classes of Scotland by scattering the investment over a number of different stocks. This investment trust and other investment trusts which were afterward set up in Britain and the U.S., resembled today’s close – ended mutual funds. The first mutual fund in the U.S., Massachusetts investor’s trust, was set up in March 1924. This was the open – ended mutual fund.
Keywords
Mutual Fund, Risk and Return, Comparative Analysis