KNOWLEDGE - MUTUAL FUNDS
Worldwide, the Mutual Fund, or Unit Trust as it is called in
some parts of the world, has a long and successful history. The popularity of
the Mutual Fund has increased manifold. In developed financial markets, like
the United States, Mutual Funds have almost overtaken bank deposits and total
assets of insurance funds. As of date, in the US alone there are over 5,000
Mutual Funds with total assets of over US $ 3 trillion (Rs. 100 lakh crores).
In India,the Mutual Fund industry started with the setting up of Unit Trust of
India in 1964. Public sector banks and financial institutions began to
establish Mutual Funds in 1987. The private sector and foreign institutions
were allowed to set up Mutual Funds in 1993. Today, there are 36 Mutual Funds
and over 200 schemes with total assets of approximately Rs. 81,000 crores. This
fast growing industry is regulated by the Securities and Exchange Board of
India (SEBI).
KNOWLEDGE - Insurance (General+Life)-
It is a need base requirement scheme like- Health Insurance,
Endowment Plans, Whole Life Insurance, Group Insurance, Retirement Plans,
Children's Plans, Wealth Plans etc.
KNOWLEDGE – Stock+Commodity+Currency+ETF etc.
While the top guns of India's stock markets have made widely
different bets for the future-just the way it should be in any market
situation-there's a common thread that runs through their strategies. All of
them are hopeful about the growth of India's equity market and its ability to
create wealth over the long run.
KNOWLEDGE-Other Investment.
There are lot more other investments like-Banking,Post Office,Small Saving Schemes etc.
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