If you are a prudent investor who is keen to invest in mutual funds, then it is important to know the structure of a mutual fund. Basically, who are the important people in a mutual fund? What are their roles, etc.
Well, if you’re guessing it to be your financial adviser, then are wrong because every financial planner or adviser can only give you an advice as well as make you aware of mutual fund schemes and their implications, but they do not manage your funds. They only help in growing your fund wisely.
Do not compare mutual fund schemes with any Ponzi scheme because mutual funds follow a 3-tier structure. It is important for every citizen to understand the relevance and importance of mutual funds.
