Can I invest in collective investment scheme ? What is the difference between CIS & Mutual funds?
Collective Investment Scheme (CIS) and Mutual funds (MF's) are both types of Collective Investment Vehicle (CIV). CIV is any entity that allows investors to pool their money and this pooled funds is invested into securities or real estate by a professional manager.
CIS and MF are very similar, the only difference is that MF's invests exclusively in securities (Stocks, Bonds, and others), whereas CIS confines its investments to plantation and real estate.
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