What constitutes a collective investment scheme?

QuestionsWhat constitutes a collective investment scheme?
Akshaj Singh asked 1 month ago
   
3 Answers
Priya Vishwas answered 1 month ago
A collective investment scheme constitutes investment made by the investors solely for the purpose of investing.  
Nikhil Rawat answered 1 month ago
A collective investment scheme constitutes investment made by the investors to earn income or profits.   
Deepak Goyal answered 1 month ago
A collective investment scheme constitutes investments that are made by the investors to earn profit and the investors do not have any command over the investment scheme.