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Date Submitted: 09/20/2013 01:07 PM
CORPORATE LAW
Legal and Regulatory Aspects of:
Collective Investment Schemes and Microfinance
August 2013
Under the guidance of:
Professor Mr. Anant Amdekar
Group- 3
Roll No. | Team Members |
12107A0063 | Apeksha Malekar |
12115B0001 | Mohsin Shaikh |
12115B0003 | Ravindra Ahire |
12115B0004 | Niraj Agarwal |
12115B0010 | Manish Khandare |
12115B0013 | Snehal Wayangankar |
12115B0019 | Vanitha Paul Pandi |
12115B0021 | Akshaya Kadam |
12115B0025 | Ajinkya Kulkarni |
12115B0033 | Aniket Sulakhe |
Collective Investment Scheme:
A type of investment scheme that involves collecting money from different investors and then combining all the money collected to fund the investment. A collective investment scheme may also be called a mutual fund. Similar to a mutual fund, a collective investment scheme provides almost absolute control of the investment to the company pooling and investing the money.
CIS, as the name implies, is an avenue provided by a company (or persons so qualified) for the collection funds from a wide range of investors. The funds collected form a pool which the company invests in a portfolio of securities to earn returns.
Collective schemes serve as flexible savings vehicle for individuals, corporate bodies, associations, clubs, etc. to accumulate funds for future needs.
A Collective Investment Scheme may be a Unit Trust or a Mutual Fund.
A collective investment scheme is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These advantages include an ability to
* Hire a professional investment manager, which theoretically offers the prospects of better returns and/or risk management
* Benefit from economies of scale - cost sharing among others
* Diversify more than would be feasible for most individual investors which, theoretically, reduce risk.
Terminology varies with country but collective investment vehicles are often...