0
Many of the Mutual Funds now track your cost basis so you should first check with them. If not - to determine total cost basis - you take your original purchase price (if you inherit the shares or receive the shares as a gift - different rules apply) plus any additional purchases plus any dividends reinvested. Once you determine total cost basis the easiest way to come up with cost per share is to divide the total cost basis by the number of shares to arrive at an average cost per share.
What else can I help you with?
How many AMC in India?
As of may 2009 there are 38 asset management companies operating in india: 1 AIG Global Investment Group Mutual Fund 2 Baroda Pioneer Mutual Fund 3 Benchmark Mutual Fund 4 Bharti AXA Mutual Fund 5 Birla Sun Life Mutual Fund 6 Canara Robeco Mutual Fund 7 DBS Chola Mutual Fund 8 Deutsche Mutual Fund 9 DSP BlackRock Mutual Fund 10 Edelweiss Mutual Fund 11 Escorts Mutual Fund 12 Fidelity Mutual Fund 13 Fortis Mutual Fund 14 Franklin Templeton Mutual Fund 15 Goldman Sachs Mutual Fund 16 HDFC Mutual Fund 17 HSBC Mutual Fund 18 ICICI Prudential Mutual Fund 19 IDFC Mutual Fund 20 ING Mutual Fund 21 JM Financial Mutual Fund 22 JPMorgan Mutual Fund 23 Kotak Mahindra Mutual Fund 24 LIC Mutual Fund 25 Mirae Asset Mutual Fund 26 Morgan Stanley Mutual Fund 27 PRINCIPAL Mutual Fund 28 Quantum Mutual Fund 29 Reliance Mutual Fund 30 Religare AEGON Mutual Fund 31 Religare Mutual Fund 32 Sahara Mutual Fund 33 SBI Mutual Fund 34 Shinsei Mutual Fund 35 Sundaram BNP Paribas Mutual Fund 36 Tata Mutual Fund 37 Taurus Mutual Fund 38 UTI Mutual Fund
Canadian mutual fund interest is compounded daily?
AnswerSince there are no guarantees associated with investing in a mutual fund, the interest does not work the same as say a GIC. The mutual fund is subject to the day to day activities of the stock market, increasing or decreasing in value on a day to day basis.
When you sell a mutual fund that you have held many years what buy date do you use if you purchased the fund at various times?
Generally, mutual fund shares are purchased at varous times in various quantities and at varous prices. There are two ways to figure their basis (cost or purchase price). One, average basis can be single-category method or double-category method. The single-category method uses the average basis of all shares owned at the time of each sale, no matter how long they've been owned. The double-category method divides all shares in an account at the time of sale into short term or long term categories. The average basis of the category becomes the basis of each share in the category. Two, cost basis is used if you previously didn't use an average basis in the same mutual fund. Cost basis can be specific share identification through written confirmation from your broker/other agent. Or cost basis can be First-in First-out (FIFO). For more information, go to www.irs.gov/formspubs for Publication 564 (Mutual Fund Distributions).
Is a mutual fund a corporation?
A mutual fund is a corporation
How do you figure the Cost Basis of a mutual fund that has dividends reinvested and has many check redemptions for 30 years?
Every check redemption would have required the calculation of cost basis, so the problem can't be very difficult. Start from the last time the basis was calculated and add all of the interim investments.
What is mutual fund in Hindi language?
mutual fund kya hai
Stakeholder of mutual fund?
A stakeholder of a mutual fund is someone who has interest in it.
A is invested by managers in a diversity of stocks bonds and other securities?
it is D. mutual fund :) Jenna what skul do you go to Jenna -cierra
When you own a mutual fund what exactly do you own?
Mutual fund is a low risk investment. If you invest in a mutual fund, you owns shares of the mutual fund company who is selling you fund. But you do not actually own any underlying asset of the stocks or securities that mutual fund has invested in even they are using your money to invest.
What is mutual fund reconciliation?
Mutual fund reconciliation is a term used to describe people who are in charge of reconciling fund accounts. They handle a lot of the mutual fund operations.
Was the Reserve Fund the first money market mutual fund?
The Reserve Fund was the first money market mutual fund
What is the definition of a no load mutual fund?
A no load mutual fund is a mutual fund that does not charge a commission or sales charge. This means that you don't have to pay a fee to invest or withdraw your money, and all of your money will go to work in the mutual fund. A no load mutual fund means that there is no or very low fee charge for the fund. These are typically lower than loaded mutual funds.
