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Thursday, 10 June 2021

Home Learning Study materials Video | Standard 4 | DD Girnar-Diksha Portal Video @ https://diksha.gov.in

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.

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