– 336 . . . , : . . , ) « . , . » : – , , , 156- 29 2001 , 118 « » , 7 1992 . . [1, . 10] , « , , . . , . .[2, .245] , , . :« « », . ( , . ) ( ( 12 )- . ». ( . ) , : . . « , , ( , , , ) . ( »- , , , , , ». ). – , . , « . , ) ( , ». . , , . ) – , , , . . . . ( . ), , . , , , , , , ». , ( ( . ) – ». ( . ,( . ) ), . . ) , , . : « . . « 228 . , . , . , , , , ) . 1– , . , 10 . - , . . , . . . – , , . , . , , . , . . « , , . » , , – , , , . , . . , , , , – . , 50% . . , , : . , . . [3]. , : , , – . , , – . , ( ; , , , . , , . , , , , , 31/ . « ( – ( . ) ) ) , , , . ,( . , ( , , , . . : ; . , , . . , , ). . , ). ) , ». . ( , . , , . » « . , , . . . , , . , . , , 400 , . . . , . , , ) , 2- , . . This article discusses the concept and nature of mutual funds as part of the financial market. The definition of the concept of mutual funds. The structure of mutual funds on economic substance, as well as the rules of the organization and interaction with shareholders. Shows a list of the assets specified in the legislation, which may be the property funds. The key word: concept, the essence of mutual funds, the structure of the stock market. 1. 2. ( . . .: 3. www.am.gazprombank.ru . – , sarnackiys@mail.ru, ): .1996. 17. .1918 , 2008.153 . 22 1996 . 39- // : .