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Yes you can. But the fund house may charge you an exit load if your purchase request has been processed.

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16y ago

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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


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.


How can I cash out my mutual fund to buy a house?

To cash out your mutual fund to buy a house, you can contact your mutual fund company and request a redemption of your investment. This will allow you to receive the cash value of your mutual fund, which you can then use towards purchasing a house. Keep in mind that there may be tax implications and fees associated with redeeming your mutual fund, so it's important to consider these factors before proceeding.


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.


Where can one find money market mutual fund rates?

One may find money market mutual fund rates at any investor or stock brokers office. They may also find the answer to their questions online. They might also search their local banks for money market mutual fund rates.


Does a mutual fund have an ISIN?

Yes, a mutual fund typically has an International Securities Identification Number (ISIN). The ISIN is a unique code that helps identify the fund in the financial markets, making it easier for investors to buy, sell, and track the fund. Each share class of the mutual fund may have its own distinct ISIN to differentiate between them.


What is meant by a no load mutual fund?

No load mutual fund means the fund does not charge any type of sales load as the name implies. However, this type of fund may charge fees that are not sales load like purchase fees and redemption fees.


Where can one find reliable information online on what is a mutual fund?

Websites of universities that offer economics courses may have lectures available concerning what a mutual fund is. The websites of investment companies may also describe their investment products, which could include mutual funds.


How do you find mutual fund custodial fees?

To find mutual fund custodial fees, you can review the mutual fund's prospectus, which details all fees associated with the fund, including custodial fees. Additionally, fund performance reports and the fund's website often provide information on expenses. Financial news websites or platforms that compare mutual funds may also list these fees. If you're unsure, contacting the fund provider directly can help clarify any specific costs.


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.


What is dormant mutual fund?

A dormant mutual fund refers to a mutual fund account that has not had any transactions, such as purchases or redemptions, for a specified period, often a year or more. These accounts may be considered inactive, and the fund house may classify them as dormant to streamline operations. Investors with dormant accounts may still hold their investments, but they may need to reactivate their accounts to make new transactions. It's advisable for investors to periodically check their accounts to ensure they remain active and aligned with their financial goals.


What is the minimum allowed in fund investments?

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.