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Which mutual fund scheme is the oldest in world?

Sherman Adams was a daring Boston broker who in 1924 introduced the world’s first mutual fund, the MIT Fund, or Massachusetts Investors Trust Fund. By investing in the MIT Fund, customers could buy or sell their shares whenever they wanted, rather than tie their money up for a set number of years. After the MIT Fund survived the stock market …

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Which Mammal lays Eggs?

Mammals are creatures who give birth to their young ones as opposed to other animals who lay eggs. Birds, reptiles and insects lay eggs. But as with every other rule, this one has an exception too. An exceptional exception The duck-billed platypus of Australia walks out of fresh waters to build its nest on the ground. But it has retained …

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Which is the world’s sleepiest animal?

The sleepiest animal, considered by the average number of hours of sleep a day is the koala, an arboreal animal with the scientific name Phascclarctos Cinerus, found only in Australia. Though it resembles a teddy bear, scientifically it is close to kangaroos, because it carries its young in a pouch. It lives mostly on eucalyptus trees, sleeping in the fork …

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