Question

Sunt municiovement and Covernment show our all possible and
wwpois or the following paninge in about one-third of in length and we
weltable Wire
rural find a financial innovation of this century, provides for a novel way of motilizing
av tvare from small in ones and allowing from to participate in the equity and other contes
wahe indlustrial onanisation with less nsk Munal funds are wine qua non for the development
be capital markets and the creation of the culty cult in an economy.
m foret, there are three different forms of the organization called investment trusts, with a
winsular objective of mobilring savings from all investors
. There are "pure" investment trusts.
whese invement is spread over-as large number of securities with the return maximisation
hective , holding companies, which confine their investment to a few companies with an
obecnie to control them and finance companies which are involved in trading in shares as well
as financing and lending:
Investment musts, essentially British institution, were set up in the 19th centary for
pecially facilitating small investors to collectively invest in the equity shares of industrial
organisations. It is unique device of collecting industrial capital from a wide spectrum of
investors, particularly small investors, by converting risky individual securities into relatively
are hundle of indirect securities (sometimes called "units"), Investment trusts provide
the most suitable vehicle for equity investment by the common man, since they enable a
small investor to acquire by a single purchase a stake, not in one enterprise, but in a group of
enterprises, Investment trusts issue shares like any other company. Therefore, their shares cannot
be redeemed. An investor can trade them in a stock exchange to liquidate his investment. Thus,
they are closed-end organisations,
The most popular form of investment trusts is the unit trust. Unit trusts in the U.S.A.
are called mutual funds or open-end' investment company. Generally speaking, unit trusts
and mutual funds and open-ended funds because investors can continually buy and sell their
shares, and they can issue unlimited number of shares. In a mutual fund, as group of investors​

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