What is Mutual Funds?
Mutual Funds is a mechanism for pooling money by issuing units to the investors and investing funds in securities in accordance with the objectives as disclosed in offer documents.
How is Mutual Funds Set Up?
A mutual Fund is established as a Trust which has sponsors, Trustees, Asset Management Company, and custodian. Sponsors and trustees are there to work as a promoter of a company. And also trustees hold its property for the benefits of the unit holder.
What is a Fund of Funds scheme?
A scheme that invests primarily in other schemes of the same mutual funds or other mutual funds is known as a FOF scheme.