Whichof the followingdoes not correctly explain Mutualfunds :-

1.	Whichof the followingdoes not correctly explain Mutualfunds :-
Answer» It is a collectiveinvestment SCHEME It is regulated and SOLD to the general public It is managed by ab Asset ManagementCompany It is a deposity financial intermediary Solution :A mutual fund COLLECTS manythe investors, issue certificates to them know as units and invests the moneycollected in securitiesso as to achieve the money collected in seurities so asto achieve mutualbenfits in terms of capital appreciaiton in such SECURITIES. It is a non-deposity . Non-bankingfinancial intermedinary. Whichacts as an importantvehicle forbringingwealth holders and DEFICIT units togetherindirectly.

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