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Collective Investment Schemes are a popular investment vehicle in India. The popularity of the schemes has seen a steady rise since the late 1990s and with the liberalization of the economy, the choice of schemes and products has also increased. Many investors feel that COllective investments are not a bad option to earn higher returns. Collective Investment Schemes or CIs are defined under Section 5(1) (c) and 5(1) (d) read with Section 11 of the Securities and Exchange Board of India Act, 1992

Henry Cruise

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