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Unless prior arrangements have been made with the fund managers or there is a joint owner/iinvestor, the fund will pass into the deceased's estate.
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Difference between eqity fund and mutual fund?
Equity is the owners fund and mutual fund is pool money from the investor and invest in securities market. mutual fund has low risk an depends upon market condition.
What does the Holy Bible say happens to a person upon death?
That they die.
How are you charged when you take out money in a mutual fund?
There are following charges when you take out money from a mutual fund: exit load: it depends upon scheme features which describes how much exit load will be charged and when(time horizon of scheme holding period) nowdays after 1 years no exit load is charged. But do confirm by reading mutual fund account statement deeply. Securities transaction tax: it is charged whenever you withdraw money from mutual fund it is approx. 0.025% of fund value. Other charges is short term tax and long term tax. Short term tax on gain is 15% as per fy 2011-12 and long term capital gain is nil. Long term will be considered when we hold our investment for more than one year.
What is the amount that should normally be assumed will be assigned to survivors emergency fund upon death of a breadwinner?
The amount assigned to a survivors emergency fund will vary depending on factors like the number of dependents, their needs, existing insurance coverage, and the breadwinner's income. A common recommendation is to have 3-6 months' worth of living expenses saved to cover immediate needs upon the breadwinner's death.
ETFs vs. Mutual Funds?
Mutual FundsA mutual fund is an investment vehicle where investors pool together their money to buy stocks or bonds. The decisions on what securities to buy are made by the fund manager. When an investor contributes money into a fund, he or she is granted a stake in all the investments of that fund. The investor's share is determined by his or her level of investment.Net asset value, or NAV, determines the price per share. NAV is the total securities value of the fund divided by however many shares are outstanding. For example, a mutual fund with securities over $5 million and one million shares would have a NAV of $1. The NAV of a fund varies daily, depending upon the underlying price of the fund's holdings.ETFsAn ETF, or Exchange Traded Fund, tracks a market index, but can be traded like it was a stock. ETFs package together similar securities from a particular index; they do not actually track mutual funds. The reason is that since most funds only reveal their holdings at certain intervals, the ETF could not re-adjust its holdings in a timely manner.One difference between ETFs and mutual funds is that ETFs are traded on stock exchanges, so they are able to be bought or sold regardless of the time of day. ETFs are also better in terms of taxes because they typically have extremely low overhead associated with them.One other difference is that mutual funds usually must be purchased at NAV, based upon the day's closing price. So if there is a negative outcome, an automatic sell-stop order cannot be given, and prices must fall all the way to the close of the day.ETFs, unlike mutual funds, have no investment minimums, early withdrawal fees, or minimum holding periods. Mutual funds typically have different share classes, which may have holding requirements to avoid certain fees imposed when selling them.Another key difference between ETFs and mutual funds is that mutual funds cannot usually be purchases on margin or sold short. That is not the case with ETFs. ETFs are also available from just about any broker.
Which investment is riskier mutual fund or CD's?
There is no risk to the money put into a CD that is issued by a government insured bank (FDIC). But you cannot take the money out without paying a penalty until the agreed upon time has passed. A money market mutual fund is almost risk free, but it is not really guaranteed by anything except the good name of the fund. It allows you to take your money out whenever you want. A mutual stock fund is subject to the usual risks of the stock market. You may make money or lose money. In the long run, if you accept the modest returns of the safe CD's, you may miss out on the bigger returns of the stock market, especially in times of high inflation. Many experts advise you to split your investment dollars between safe, low return investments like CD's and riskier but high return stocks or mutual stock funds.
What happens to the money in an account when the owner passes away?
It passes to the deceased's estate upon proof of death.
According to Hindu believes what happens to the sewer spirit of a person upon death?
According to Hinduism spirit of a person is called soul. Upon death soul is reunited with Lord Brahma and then it takes another birth.
According to Hindu believes what happens to the soul or spirit of a person upon death?
According to Hinduism upon death shoul leaves the body and is rewarded upon karma. After the reward or punishment soul takes another birth as different body. This is known is theory of Reincarnation (punarjanma).
What happens when the benefiary of a trust dies?
A properly drafted trust has provisions for the distribution of the trust property upon the death of the beneficiary.
Do Americans have to pay taxes on mutual fund returns annually?
As to the investment in the fund, you would only pay a tax upon selling your shares, like any other investment. Same with any diidends they pay. However, many times, because of how funds work, gains they have made through the year are passed through to the current shareholders and are taxable to them, (because the fund is not taxed on them). You know by how the returns you get are shown on the year end 1099.
What happens to persons property upon death in Maryland?
It will go into the probate process. The assets and debts will be resolved according to the will or the intestacy laws.
