Operating procedure of ICB unit funds/ open-ended mutual funds

Abstract

Mutual Funds have become quite a lucrative option for the average person to invest their money. It is quite known that bank investment is the first option for people to invest their money, second place being mutual funds and other avenues. A mutual fund gathers resources from thousands of different investors and diversifies the investments in stocks, bonds or government securities to provide high and safe returns. My internship report “Operating procedures of ICB Unit Funds/ Open-end Mutual Funds” tries to explain about the history, growth, pros and cons of investing in Mutual Funds. The main objective of my report is to get an overview of the Mutual Fund Industry, its set-up, it’s working and to find the risk and return of investing in them, on various schemes available to customers.