Arrange the sentences P, Q, R and S in the correct sequence to form a coherent paragraph.
P: The income/gains generated from this collective investment is distributed proportionately amongst the investors after deducting certain expenses.
Q: Then, it invests the money in equities, bonds, money market instruments and/or other securities.
R: Each investor owns units, which represent a portion of the holdings of the fund.
S: Mutual Fund is a trust that collects money from several investors who share a common investment objective.

Correct option is C

The correct sequence to form a coherent paragraph is (c) SQRP.
• S (Mutual Fund is a trust that collects money...) – Introduces the concept of mutual funds.
• Q (Then, it invests the money in equities, bonds...) – Describes what is done with the collected money.
• R (Each investor owns units...) – Explains how investor shares are represented.
• P (The income/gains generated...) – Concludes with how profits are distributed among investors.
This sequence gives a step-by-step explanation of how a mutual fund functions—from collection, to investment, to ownership structure, and finally distribution of income.