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Management of Banking and Financial Services, 2nd Edition by Padmalatha Suresh, Justin Paul

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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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