Financial Perfomance Analysis of Reliance Pharma Fund, in Madurai

Abstract

A mutual fund is an investment vehicle where a person or group of persons, called mutual fund managers, choose a group of stocks and sell them in one package. Mutual funds are not an American invention. The first was started in the Netherlands in 1822, and the second in Scotland in the 1880s originally called investments trusts,the first American one was the NewYork stock trust, established in 1889.most that followed were begun in Boston in the early 1920s, including the state street fund, Massachusetts investors trust (now called mutual fund), fidelity, scudder, pioneer, and the Putnam fund. The wellington fund, the first balanced fund that includes both stocks and bonds, was founded in 1928, and today is part of the giant vanguard group fund.