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BUS13BusinessMutual fund sector to grow at 30-35 percent in 3-5 yearsKolkata, Sep 22 IANS The mutual fund sector will see a compounded annual growth rate of 30-35 percent in the next three to five years, an official said Monday."The mutual fund sector
More mutual fund articlesA mutual fund is a form of collective investment that pools money from many investors and invests the money in stocks, bonds, short-term money market instruments, and/or other securities. [1] In a mutual fund, the fund manager trades the fund's underlying securities, realizing capital gains or loss, and collects the dividend or interest income. The investment proceeds are then passed along to the individual investors. The value of a share of the mutual fund, known as the net asset value (NAV), is calculated daily based on the total value of the fund divided by the number of shares purchased by investors.
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