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Most Mutual Fund companies, at least the major ones will train you. The main thing that they are look for is people who have had accounting and finance backgrounds, and have demonstrated the ability to learn. I say accounting first because about 60-70% of the work (or at least the work worth the pay) has nothing to do with explaining funds to shareholders or managing the funds. More work is done on performance evaluation and pricing. If you do want a client facing role, those without personality need not apply. People with general sales experience (2-4+ years) are in higher demand. You will need to pass the FINRA 6 and 63 licensing exams. Which are pretty easy. But if you have them that is better, and if you have a 7 instead of a 6 you are golden.
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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 the oldest mutual fund company?
Fidelity
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
How many stocks are owned by mutual fund companies?
There is no fixed number. A mutual fund company can purchase as many stocks as they want.
What are mutual funds?
Mutual fund is a single pool of money collected from a large number of investors. This money is invested in share, bonds and other securities by AMC. ICICI Prudential Mutual Fund offers mutual fund products that meet the customers needs.
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 oldest mutual fund company?
Fidelity
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.
Who elects the portfolio manager of a mutual fund?
A Portfolio Manager or a Fund Manager for a Mutual Fund is not elected but Selected by the Asset Management Company
What is the meaning of fund accounting with reference to Mutual Funds?
It is the process of reviewing the net financial assets of a mutual fund company.
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
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
How many stocks are owned by mutual fund companies?
There is no fixed number. A mutual fund company can purchase as many stocks as they want.
Who determines the investment policies of the mutual fund?
The Fund Manager and the Asset Management Company
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 are mutual funds?
Mutual fund is a single pool of money collected from a large number of investors. This money is invested in share, bonds and other securities by AMC. ICICI Prudential Mutual Fund offers mutual fund products that meet the customers needs.
What what are mutual funds?
Mutual fund is a single pool of money collected from a large number of investors. This money is invested in share, bonds and other securities by AMC. ICICI Prudential Mutual Fund offers mutual fund products that meet the customers needs.
