CHAPTER EIGHTEEN
Mutual Funds, Securities Trading, Universal Banking and Credit Rating
CHAPTER STRUCTURE
KEY TAKEAWAYS FROM THE CHAPTER
Understand the basics of financial services, such as mutual funds, bancassurance, securities trading
Learn the mechanism of universal banking
Understand the trends and progress of financial services sector
section I
MUTUAL FUNDS
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 ...
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