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If both funds are in the same fund "family", you can do an "Exchange". Else you have to sell the fund you own, wait to get the proceeds, and buy the one you want.
You can either do this directly with the mutual fund company/companies, or via a brokerage account, such as Scottrade, Fidelity, etc. Brokerage accounts can charge additional fees to buy/sell mutual funds, and they typically have categories of funds, like "Fee" and "No Transaction Fee" (NTF). The advantage of using the brokerage account is convenience - to be able to have all of your investments tracked in one place, the ability to sell funds without having to have the money mailed to you, and the ability to buy funds without filling out any "application forms". The advantage of dealing directly with the Mutual Fund companies are the absence of extra fees, and the ability to make automated monthly investments.
Certain funds have trading restrictions and/or fees for "short-term selling", which means that you need to hold funds for a certain period (like 90 days, for example) in order to sell without restrictions. Check your funds prospectus for more information before selling. Mutual Funds also have a minimum investment amount, so check that the amount you have to invest is greater than the minimum before you sell your prior investment.
There is also a class of Mutual Funds called Load funds that charge you a fee when you buy and sometimes when you sell them. These funds are typically sold through a financial planner, where the planner gets all or a portion of the fee. Load funds have been shown to underperform no-load funds because of the fees associated with them.
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What is the problem with mutual fund investing?
One disadvantage of mutual fund investing is that mutual funds are not tailored to the specific investment needs or tax status of individual shareholders
Where can one find mutual find advice?
One can find mutual fund advice online from a number of websites. Advice can be found from CNN Money, MSN Money, Money Control and from Best Mutual Fund.
What are some mutual fund companies that offer low expense ratios on mutual fund investments?
There are a few mutual fund companies that offer low expense ratios on mutual fund investments. One of those companies is Scottrade, the company is people friendly and willing to work with an individual to assist them in making sound financial decisions.
Where can one find mutual fund analysis online?
Mutual fund analysis tools are available online from many different websites. Some examples of these websites include Better Investing and Mutual Funds.
How much money does it take to invest in a mutual fund?
It depends on the type of mutual fund you want to invest and also the fund house in which you want to invest your money. In majority of the cases the minimum amounts are as follows: a. One time Investment - Open ended Mutual Fund - Rs. 1000/- and multiples of Rs. 500/- thereafter b. Systematic Investment - Open ended Mutual Fund - Rs. 500/- and multiples of Rs. 250/- thereafter c. One time investment - Close ended Mutual Fund - Rs. 5000/- and multiples of Rs. 1000/- thereafter These numbers are approximate and may vary from fund house to fund house.
Where can one find information on an LIC mutual fund?
One can find information on an LIC mutual fund online at various websites. One can find information on an LIC mutual fund online at The Economic Times and LIC Nomura Mutual Fund.
What is the meaning of mutual fund in Tamil?
Tamil is one of the most popular Indian Language and if some one need to know about the Mutual fund in Tamil language they may type 'Mutual fund in Tamil' in Google to get the details about Mutual fund in Tamil language.
What does the acronym sbimf stand for?
the acronym SBIMF stands for State Bank of India Mutual Funds. One can find more information about mutual fund basic, mutual fund guide and mutual fund coach online at SBI Mutual Fund.
How does hedge fund differs from mutual fund?
Hedge funds and mutual funds are both managed portfolio in which securities are picked by a fund manager. However hedge funds are more aggressively managed as compared to the mutual fund. They can take speculative positions in the derivative securities .Hedge funds also differs from mutual fund in their availability, they are available to only specific investors .There are many investment companies that invest in hedge fund and mutual fund of which Reliance mutual fund is one of the good one.
Who is the number one mutual fund company in India?
No one fund house can claim to be the number one fund company in India. The top few fund houses could be either of the below 3 fund houses: 1. SBI Magnum Mutual Funds 2. HDFC Mutual Funds 3. ICICI Prudential Mutual Funds
How many investment advisers manage a mutual fund?
Usually one or at most two fund managers manage a mutual fund. The most common number is 'One"
which mutual fund company would you recommend in canada?
TD Mutual Fund Company has high recommendations on their mutual fund activity. It is one of the largest investment companies in Canada. TD Mutual Fund has a long history of helping investors with a variety of investment portfolios.
What is the problem with mutual fund investing?
One disadvantage of mutual fund investing is that mutual funds are not tailored to the specific investment needs or tax status of individual shareholders
Where can one pay Mutual Fund Fees?
Mutual Fund fees and expenses are charges which may be incurred by investors who hold mutual funds. The fees are usually paid direct to the company in which one invests.
What are mutual fund loads?
Mutual fund loads are when you are charged for a purchase of shares/units. You are also charged an one time sale fee.
Where can one find mutual find advice?
One can find mutual fund advice online from a number of websites. Advice can be found from CNN Money, MSN Money, Money Control and from Best Mutual Fund.
Relationship between inflation rate and mutual fund returns?
Practically they do not have any direct or indirect relation. They are independent of one another.
