Education news 31 May
The people who have a little knowledge about the investing industry might have come across the term AMC. Doesn't it sound very technical? Do you know the full form of AMC? No! Then here is presenting the insights of AMCs and a brief overview of TATA Mutual Fund. AMC is the abbreviated form of Asset Management Company. Don't be scared! It is not some rocket science which would baffle you. An Asset Management Company or AMC is a business firm that confers the amenity to invest in mutual funds.
All the investing schemes existing in the market are provided by one AMC or the other. The elementary task done by all the AMCs is to pool the money of numerous clients and invest it into the stock market. As we all know, the mutual funds serve as the proxy to equity investment. Thus, AMC is an instrument mitigating the back-breaking drudgery of the clients.
TATA group has signified its presence in almost all the sectors viz, information technology, finance, automobiles, consultancy services, etc. A symbol of excellence and certitude since 1868, TATA group has proved its worth in all the spheres it has set its foot. In this section we would discuss about the mutual fund segment of the company named TATA mutual fund.
You might have heard the phrase " Family is like a tree and all the members are like its branches". The phrase signifies the importance of a family. You might be thinking the authenticity of the phrase here. TATA group is the family tree which is referred here. And the branches are the diversified sectors. All the divisions cater to divergent necessities of customers but they all share the common roots. Therefore, TATA mutual fund is a sub-division of the main company, but it inseminates identical credos as the parent organization.
Glimpse of TATA mutual fund
This subsidiary of the TATA group finds its origin in the year 1995. Having a panorama of servicing the common people and not limiting its grasp to a small segment of citizens. The instigator of the parent company Late Mr. J.R.D. Tata, eyed on the spectacular growth prospectus of the company to forge the future. He strongly believed in the saying,"The best way to predict the future is to create it". He was a man of wisdom and foresightedness. Moving ahead as mentored by the founder, TATA mutual fund has been able to utilize the far-fetched experience of the parent company in customer dealing and marketing as well.
Acknowledging all your desires you intend to fulfill via an investment, this AMC has successfully launched a mixed-bag of schemes for its clients. So, whether you may aspire for a scheme which will alleviate the tautness of your financial position after retirement or you are in search for a plan supplying capital appreciation which will fund your asset building in future. You will have it all done with the help of a single AMC.
Education news 31 May
Hence, investing in a mutual fund can be beneficial for you in many regards. The schemes will undoubtedly prove to be more effective than any other alternative method of saving.
