U ovom radu urađena je analiza poslovanja investicionih fondova u Srbiji, odnosno njihova komparacija,
sagledavanje njihovog poslovanja , tome prethodi analiza investicionih fondova uopšte, njihov nastanak,
razvoj, karakterisitke, prednosti i mane, na opštem nivou, i Srbiji.

Investicioni fondovi su institucije kolektivnog investiranja u okviru kojih se prikupljaju novčana sredstva
investitora fonda. Prikupljena novčana sredstva fonda se ulažu u različite vrste imovine, u skladu sa
investicionim ciljevima navedenim u prospektu fonda, u cilju ostvarivanja dobiti i smanjenja rizika
ulaganja.

Investicioni fondovi kao relativno novi subjekt na finansijskom tržištu Republike Srbije ni posle deset
godina od usvajanja Zakona o investicionim fondovima nisu uspeli da privuku značajniji obim sredstva od
pojedinačnih ulagača u Srbiji.
U Srbiji je 2006. Godine donešen Zakon o investicionim fondovima, prema kojem postoje tri vrste
investicionih fondova, to su: otvoreni, zatvoreni i privatni investicioni fondovi.

Cilj rada je proučavanje uloge i načina poslovanja investicionih fondova u Srbiji, kao i njihov značaj.
U okviru

rada, pomoću komparativne analize, utvrđene su identičnosti, sličnosti i razlike u poslovanju

investicionih fondova u Srbiji, posebno je analiziran prvi investicioni fond „Delta Plus“.

Ključne reči: investicioni fond, ulaganje, tržište.

SUMMARY

This   thesis   offers   an   Analysis   of   operations   of   investment   funds   in   Serbia   and   their   comparison,
understanding   their   business,   it   is   preceded   by   an   analysis   of   investment   funds   in   general,   their
characteristics, advantages and disadvantages, both on a general level, as well as in Serbia. Investment
funds are collective investment institutions in which to raise funds investors fund. Money raised fund to
invest   in   different   types   of   assets,   the   treasure   with   the   investment   objectives   stated   in   the   fund's
prospectus, for profit and reduce investment risks. Mutual funds as a relatively new entity in the financial
market of the Republic of Serbia even after ten years of the adoption of the Law on Investment Funds failed
to   attract   significant   amount   of   funding   from   individual   investors   in   Serbia.
In Serbia in 2006 adopted the Law on Investment Funds, under which there are three types of investment
funds, such as: open, closed and private investment funds. The aim is to study the role and mode of
operation of investment funds in Serbia, as well as their character. In the paper, using comparative analysis,
were established identity, similarities and differences in business investment funds in Serbia, especially
analyzes the first investment fund “Delta Plus”.

Keywords: investment fund, investment, market.