The term Merchant Banking has its origin in the trading methods of countries in the late eighteenth and early nineteenth century when trade-taking place was financed by bill of exchange drawn by merchanting houses

Some important mutual fund schemes under the following three categories based on maturity period of investment

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Some important mutual fund schemes under the following three categories based on maturity period of investment: I. Open-Ended - This scheme allows investors to buy or sell units at any point in time. This does not have a fixed maturity date. 1. Debt/ Income - In a debt/income scheme, a major part of the investable fund are channelized towards debentures, government securities, and other debt instruments. Although capital appreciation is low (compared to the equity mutual funds), this is a relatively low risk-low return investment avenue which is ideal for investors seeing a steady income. Download 0.57 Mb. Share with your friends: