Latest Current Affairs Date 28-08-2017 By GnanKutir

Latest Current Affairs Date 28-08-2017 By GnanKutir

India’s first and longest ropeway will connect Mumbai with the Elephanta Island in the Arabian Sea.
The proposed 8-km long ropeway will be constructed by the Mumbai Port Trust.
The proposed ropeway will start from Sewri in Mumbai’s east coast and end at Raigad district’s Elephanta Island.
Points to Remember
Elephanta Island is globally renowned for Elephanta Caves, which is a Unesco World Heritage site.

A mutual fund company is an investment company that receives money from investors for the sole purpose to invest in stocks, bonds, and other securities for the benefit of the investors. A mutual fund is the portfolio of stocks, bonds, or other securities that generate profits for the investor, or shareholder of the mutual fund. A mutual fund allows an investor with less money to diversify his holdings for greater safety and to benefit from the expertise of professional fund managers. Mutual funds are generally safer, but less profitable, than stocks, and riskier, but more profitable than bonds or bank accounts, although its profit-risk profile can vary widely, depending on the fund's investment objective.Most mutual funds are open-end funds, which sells new shares continuously or buys them back from the shareholder (redeems them), dealing directly with the investor (no-load funds) or through broker-dealers, who receive the sales load of a buy or sell order.The purchase price is the net asset value (NAV) at the end of the trading day, which is the total assets of the fund minus its liabilities divided by the number of shares outstanding for that day
Latest Education Mahiti,Job Update And TET Material Mate Add This Number 79841 16217 Your Whatsapp Group
Join My WhatsApp Group Click Here

Download File ClickHere