What Is Mutual Funds | Mutual Funds Definition

A mutual fund is a type of professionally-managed collective investment vehicle that pools money from many investors to purchase securities. While there is no legal definition of mutual fund, the term is most commonly applied only to those collective investment vehicles that are regulated, available to the general public and open-ended in nature. Hedge funds are not considered a type of mutual fund.

The term mutual fund is less widely used outside of the United States. For collective investment vehicles outside of the United States, see articles on specific types of funds including open-ended investment companies, SICAVs, unitized insurance funds, unit trusts and Undertakings for Collective Investment in Transferable Securities.

In the United States, mutual funds must be registered with the Securities and Exchange Commission, overseen by a board of directors or board of trustees and managed by a registered investment advisor. They are not taxed on their income if they comply with certain requirements.

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List of banks in India | Foreign Bank in India List

This is a partial list of corporations engaged in banking business within the territory of India.There are 26 nationalised banks in India as of now.

Central Bank in India - Reserve Bank of India

Nationalized Banks

As of now, there are 26 Nationalized Banks in India:

1) State Bank of India
2) State Bank of Bikaner & Jaipur
3) State Bank of Hyderabad
4) State Bank of Mysore
5) State Bank of Patiala
6) State Bank of Travancore
7) Allahabad Bank
8) Andhra Bank
9) Bank of Baroda
10) Bank of India
11) Bank of Maharashtra
12) Canara Bank
13) Central Bank of India
14) Corporation Bank
15) Dena Bank
16) IDBI Bank
17) Indian Bank
18) Indian Overseas Bank
19) Oriental Bank of Commerce
20) Punjab National Bank
21) Punjab and Sind Bank
22) Syndicate Bank
23) Uco Bank
24) United Bank of India
25) Union Bank of India
26) Vijaya Bank

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