Besides making liquidity available in the system, mutual funds offer a range of benefits to investors, including portfolio diversification and lower transaction costs, while increasing returns. A mutual fund is a pool of funds brought together by a professional fund manager from several investors to invest in selected underlying securities. “Government could offer tax incentives to investors who are committed to a regular investment plan in mutual funds. “Regulators could promote innovative legislation to increase investment in mutual funds and expand investment channels to increase returns on the funds invested. According to the research, Fund Managers Association of Nigeria (FMAN), should intensify public awareness on the benefits of mutual funds to generate adequate interest from the investing public.

Source: The Guardian January 04, 2019 04:18 UTC