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Topics Covered. ConceptOrganisation of a Mutual FundAdvantages of Mutual FundsTypes of Mutual Fund SchemesFrequently Used Terms. Concept. A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal.The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciation realised are shared by its unit holders in proportion197

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