Improving and enhancing access of mutual funds will help wealth creation for investors and development of the economy. OLUSHOLA BELLO, writes.
Investments in mutual funds have been described as a veritable tool to the creation of wealth, expansion of business operation, needed capital for the development of critical infrastructure in Nigeria and promoting financial inclusion.
Besides making liquidity available in the system, mutual funds offer a range of benefits to investors, including portfolio diversification and lower transaction costs, while increasing returns.
A Mutual Fund is an investment vehicle made up of a pool of funds collected from numerous investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual Funds are operated by professional fund managers, who invest the fund’s capital and attempt to produce capital gains and income for the investors.
Investment Portfolio
Mutual Funds mainly invest…
