Tag Archives: Mutual Funds

Significance of Mutual Funds and its Inception Date

Mutual Funds

The concept of mutual funds is a vital part of the investment strategy of people who are retiring and conscious about their future. This was introduced in 1924 by MFS Investment Management in the United States. However, mutual fund services were not made available to the people till 1928. MFS Massachusetts Investors Fund was the first-ever fund that offered an alternative path to a handful of investors to accumulate their resources and expecting to see hefty returns. […]

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