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Origin of Mutual Funds

Origin of Mutual Funds

In the year 1822 the concept of mutual funds was found in Belgium. In 1868, foreign colonial government trust was established in England to spread the risks in securities market. Mutual funds concept was spread to USA and some of the mutual funds institutions were established.

finance
[Post Image Courtesy of Sira Anamwong at FreeDigitalPhotos.net]

Unit Trust of India was established in 1964 as a public sector mutual funds institution by the central government. It is the first mutual fund in India.

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

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