UTI ULIP is the only unit linked insurance synchronized by the SEBI and has a more striking expenditure and load construction than most products glided by insurers. The fund has a directive to invest upbeat to 40% in equity and the remaining in debt. The fund has not only outperformed its standard CRISIL Hybrid Debt (60:40) index constantly but has situated itself among the top-performing funds in the debt-oriented unbiased mutual fund group over a one-, three- and five-year time-frames. Whereas the standard produced an annualized revisit of 5.4% for a three-year period, UTI ULIP returned approximately 8.1% annually. The fund offers a life insurance cover of upbeat to Rs 15 lakh.
In addition, the fund may provide a 5-7.5% of the target amount as additional bonus on maturity separately from the NAV returns. Tax deduction under Section 80C would further improve the yield of the fund.

The Mutual Fund industry has grrrown at a phenomenal rate in the recent path.One can witness a revolution in the Mutual Fund indutryin view of its importance to the investors in genral and the counry’s economy at a large.
Channel sings savings for investment
Mutul Fund act as a vehicle in galvanizing the savings of the peopleby offering the schemes suitable to the various classes of customers for the development of the economy as a whole.A number of schemes are being offered by Mutual Fund so as to meet the requirements of varied masses, and thus, savings are directed towards capital investment directly. In the absence of this fund, these savings would have remained idle.
Offering Tax Benefits
Certain Mutual Funds offer tax benefits to its customers. Thus apart from dividends, interest and capital appriciation,investors also stand to get the benefits of tax concession.

A Mutual fund is a pure intermediary, which performs a basics functions of buying and selling securities on behalf of its unit-holders, which later can also performs but not easily, conveniently, economically and profitably.
Mutual Fund can be defines as ,”a fund established in the form of a trust by the sponsor, to raise monies by the trustees through the sale of the units to the public, under one or more services, for investing in securities in accordance with these direction”.
Functions of Mutual Fund
The functions are similar to those of other financial intermediaries .However, its special objective is that it provides investors of small moderate means the opportunity that is  enjoyed at large ,rich investors namely  ,to realize high& secure rate of return on their saving. This is sought to be ensured by diminishing the risk of investing in stocks by spreading or diversify investment over a large number of different kinds of stock.

ICICI Prudential Mutual Fund has agreed Jan.24, 2011 as the record date for declaration of dividend under dividend decision of ICICI Prudential Interval Fund - Quarterly Interval Plan A.The face value of per unit is Rs 10.The quantum of dividend will be Rs. 0.1694 per unit for trade option and Rs. 0.1732 per unit for institutional option
ICICI Prudential Interval Fund - periodical Interval Plan A has the outlay purpose to produce optimal proceeds steady with moderate levels of threat and liquidity by investing in debt securities and money market securities.

L&T Mutual Fund has declared that the units of L&T Monthly Income Plan, L&T Select Income Fund - Flexi Debt Fund, L&T Growth Fund, L&T Opportunities Fund, L&T Hedged Equity Fund, L&T Midcap Fund, L&T Tax Saver Fund and L&T Infrastructure Fund will be available for transaction through Mutual Fund Service System and Stock Exchange Platform for Allotment and Repurchase of Mutual Funds, trading platforms of NSE and BSE respectively, trading platform of NSE and BSE respectively, with effect from 10 December 2010.

Only growth option and divided option under retail and institutional option of L&T Select Income Fund - Flexi Debt Fund are available for transaction. Further, it has been decided that the frequency as Monthly dividend under dividend option of L&T Select Income Fund - Flexi Debt Fund.

SBI Mutual Fund has decided to modify the exit load structure for Magnum Income Fund - Floating Rate Plan - Savings plus Bond Plan with effect from 9 December 2010.

Accordingly, the exit load charge is nil. Earlier the scheme was charging an exit load charge of 0.50% for exit within six months from the date of allotment and nil for exit after six months from the date of allotment.

Magnum Income Fund - Floating Rate Plan is an open ended debt scheme which has the investment object to provide the investors an opportunity to earn, in accordance with their requirements, through capital gains or through regular dividends, returns that would be superior than the returns offered by comparable investment avenues through investment in debt & money market securities.

Taurus Mutual Fund has accepted Dec.10, 2010 as the record date for announcement of dividend under dividend plan in Taurus Ethical Fund.

The face value of per unit is Rs 10.

The quantum of dividend will be Rs 1.80 per unit.

Taurus Ethical Fund is an open-ended equity oriented scheme which has the investment purpose to provide capital growth and income distribution to unit holders through investment in a diversified portfolio of equities, which are based on the principles of Shariah.

ICICI Prudential Mutual Fund has declared that the last date for submission of the application forms for scholarship program under ICICI Prudential Child Care Plan for the financial year 2009-10 has been extended till 15 December 2010.

ICICI Prudential Child Care Plan is an open ended scheme including two investment plans - Study Plan and Gift Plan. The purpose of Study Plan is to create current income by creating a portfolio that is invested in debt, money market instruments and objective of the Gift Plan is to create capital appreciation by creating a portfolio that is invested in equity and equity related securities and debt and money market instruments.