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Company Form
Trust Form
What are the rights of the
Trustees?
• Trustees appoint the AMC, in consultation with the sponsor &
according to SEBI Regulations
• All Mutual Fund Schemes floated by the AMC have
Trust Investments
Units
Unit holders Returns
Registrar
Trust
SEBI
Custodian AMC
FINANCIAL PLANNING
&&
MUTUAL FUNDS
The steps in developing a model portfolio for an
investor
ACTUAL INVESTMENT
5% Liquid Funds
Diversified Equity
65-80%
Accumulation Phase
What is the recommended portfolio
for investors in distribution phase?
Diversified Equity and balanced funds:
– 15 – 30%
Income funds :
– 65 – 80%
Cash funds:
– 5%
Bogle’s model portfolio
Accumulati Distribution
on Stage Stage
PORTFOLIO DIVERSIFICATION
PROFESSIONAL MANAGEMENT
DIVERSIFICATION OF RISK
LIQUIDITY
DISADVANTAGES
RISK FACTORS
PLACE OF MUTUAL FUND IN
FINANCIAL MARKETS:
Risk and Return
Sectora
l funds
Equity
funds
Index
funds
Balance
Retur
d funds
n
Debt
Funds
Gilt
funds
ST debt
funds
Liquid
funds
Risk
What is the regulatory
structure of MF in India?
• The structure of mutual funds in India is governed by
SEBI(Mutual Fund)Regulations, 1996.
Ministry of Finance
• Company Law Board, Department of Company
Affairs and Registrar of Companies
• Stock Exchanges (self regulatory Organization)
• Office of the Public Trustee
What is the regulatory jurisdiction of RBI
over mutual funds ?
• RBI is the monetary authority and the regulator of the
banking system
Objectives
• To promote the interests of mutual funds and unit holders.
• To set ethical, commercial and professional standards in
the industry.
• To increase public awareness of the mutual fund industry.
AMFI is governed by a board of directors elected from
mutual funds and is headed by a full time chairman.
Where can the investor find out the details about a
MF scheme, before investing?