WHO MANAGES MUTUAL FUNDS
THE MONEY IS MANAGED BY ASSET MANAGEMENT COMPANY.
THERE ARE MANY ASSET MANAGEMENT COMPANIES LIKE ICICI PRUDENTIAL, SBI MUTUAL FUNDS, HDFC AMC, MOTILAL OSWAL AND MANY OTHERS.
EVERY ASSET MANAGEMENT COMPANY HAS MANY MUTUAL FUND SCHEMES FOR DIFFERENT KIND OF PEOPLE DEPENDING ON THEIR GOAL, THEIR RISK FACTOR ETC.
EX – SBI MUTUAL FUND HAS 100+ MUTUAL FUND SCHEMES.
THERE ARE THOUSANDS OF PEOPLE WHO INVEST IN THE SAME MUTUAL FUND.
NOW, WHO WILL TAKE DECISIONS ON WHICH STOCKS TO BUY, HOW MUCH TO BUY, WHEN TO BUY, WHEN TO SELL ETC?
TO EVERY MUTUAL FUND, THERE IS A FUND MANAGER, WHO WILL TAKE DECISIONS LIKE WHICH STOCK TO BUY, HOW MUCH TO BUY, WHEN TO BUY, WHEN TO SELL !
THE FUND MANAGER IS EXPERTIN THIS FIELD.
THAT IS WHY MUTUAL FUNDS ARE PROFESSIONALLY MANAGED FUNDS IN WHICH YOU AS AN INVESTOR DOES NOT HAVE TO DO ANY RESEARCH WORK.
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