A mutual fund investment is nothing more than a pooled investment vehicle. When you choose to invest in mutual funds, your money gets added to this pool along with thousands of other investors.
ICompanies offer fixed interest rates on these deposits, which are generally higher than those offered by banks on regular fixed deposits. The interest rate is predetermined and fixed for the tenure of the deposit.
PMS stands for "Portfolio Management Services," which refers to a specialised investment service offered by financial institutions to manage and grow the investment portfolios of high net worth individuals (HNIs) and institutional investors.
