Members generally acquire shares in a society in order to capitalise a co-operative business or to further the aims of a community benefit society. The terms and conditions and the r ewards linked to the holding of shares, such as the rate of interest (where this is payable), can be an indicator of compliance with the conditions for registration.

History of Mutual Funds. In the 1960s, the government of India initiated the mutual fund concept under the act of parliament to attract small investors to invest in bigger markets. In 1963-1964, the government of India collaborated with the Reserve bank of India (RBI) and formed the Unit Trust of India. UTI was an investment plan in which the.