55
Question
Private Sector Mutual Funds in India were permitted in
Private Sector Mutual Funds in India were permitted in
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Solution
The correct option is B 1993
Private mutual funds are an
exclusive investment with a limited number of investors. Private sector mutual
fund was permitted in 1993. The minimal investment for a share
of a private mutual fund is much higher than that of a public mutual
fund. Depending upon
the number of investors in a private mutual fund, there is little
or no government regulation. Some of the well known private
mutual funds are ICICI Mutual
Fund, HDFC Mutual
Fund, DSP Merrill Lynch Mutual
Fund, Reliance Mutual
Fund, etc
Private mutual funds are an exclusive investment with a limited number of investors. Private sector mutual fund was permitted in 1993. The minimal investment for a share of a private mutual fund is much higher than that of a public mutual fund. Depending upon the number of investors in a private mutual fund, there is little or no government regulation. Some of the well known private mutual funds are ICICI Mutual Fund, HDFC Mutual Fund, DSP Merrill Lynch Mutual Fund, Reliance Mutual Fund, etc
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