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Government's argument: The state government believes that during the Navratri, students should get enough flexibility in the night Garba during Navratri. If they are not worried about going to school the next day, they will be able to enjoy well, so leave has been announced. Deputy Chief Minister Nitin Patel said that the government does not take any decision by asking anyone. 23 years ago, Keshubhai's government did the same, but it was only for two years. In 1995 the decision was taken back
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A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. These investors may be retail or institutional in nature.
Mutual funds have advantages and disadvantages compared to direct investing in individual securities. The primary advantages of mutual funds are that they provide economies of scale, a higher level of diversification, they provide liquidity, and they are managed by professional investors. On the negative side, investors in a mutual fund must pay various fees and expenses.
Primary structures of mutual funds include open-end funds, unit investment trusts, and closed-end funds. Exchange-traded funds (ETFs) are open-end funds or unit investment trusts that trade on an exchange. Some close- ended funds also resemble exchange traded funds as they are traded on stock exchanges to improve their liquidity. Mutual funds are also classified by their principal investments as money market funds, bond or fixed income funds, stock or equity funds, hybrid funds or other. Funds may also be categorized as index funds, which are passively managed funds that match the performance of an index, or actively managed funds. Hedge funds are not mutual funds; hedge funds cannot be sold to the general public as they require huge investments. They are more risky than mutual funds and are subject to different government regulations.
The first modern investment funds (the precursor of today's mutual funds) were established in the Dutch Republic. In response to the financial crisis of 1772–1773, Amsterdam-based businessman Abraham (or Adriaan) van Ketwich formed a trust named Eendragt Maakt Magt ("unity creates strength"). His aim was to provide small investors with an opportunity to diversify.
Mutual funds were introduced to the United States in the 1890s. Early U.S. funds were generally closed-end funds with a fixed number of shares that often traded at prices above the portfolio net asset value. The first open-end mutual fund with redeemable shares was established on March 21, 1924 as the Massachusetts Investors Trust (it is still in existence today and is now managed by MFS Investment Management).
In the United States, closed-end funds remained more popular than open-end funds throughout the 1920s. In 1929, open-end funds accounted for only 5% of the industry's $27 billion in total assets.
After the Wall Street Crash of 1929, the United States Congress passed a series of acts regulating the securities markets in general and mutual funds in particular.
The attempt to give a vacation to Navratri has happened a second time. This was the first such proposal in 1995 when the government of Keshubhai Patel. Nalin Bhatt, the education minister of that time, made such an initiative. At that time too, he had a lot of opposition. The decision was taken back due to suspicion that the education would have an adverse effect. School teachers of Ahmedabad accepted the government's say On one side Rajkot has been opposed, Navratri vacation has been accepted in private schools in Ahmedabad. Progressive School Association spokesperson MP Chandra said, "There is no protest in our school's ninth night vacation. Therefore, this decision has welcomed the schools of Ahmedabad. ' At the same time, Navratri has been accepted in Ahmedabad's secondary schools
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