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A mutual fund has total assets of 57000000 and liabilities of 8550000 If 15960000 shares are outstanding what is the net asset value of the fund?
Net Asset Value or NAV = current market value of fund's investments - current liabilities / number of shares outstanding
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.
How to close an mutual fund account?
You need to submit a redemption request with the mutual fund house where you have mutual fund investments. The fund house would have given you a folio number when you initially invested the money with them. You need to fill that up in the redemption form. Once you submit your request (Usually a redemption form) the mutual fund house will process your request and will repay you the current value of your investment in 3-5 working days.
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.
Are you taxed when you withdraw money from a mutual fund?
Yes you are taxed when withdrawing money from a mutual fund. Your current tax rate would apply.
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
How do you calculate the Gav in mutual funds?
The Gross Asset Value (GAV) in mutual funds is calculated by summing the total market value of all assets held within the fund's portfolio, including stocks, bonds, cash, and other investments. To find the GAV, you add the current market values of each asset, then subtract any liabilities or expenses associated with the fund. This figure provides an overview of the fund's total worth before any fees or distributions are accounted for. The GAV is essential for determining the Net Asset Value (NAV) per share, which is used for pricing mutual fund shares.
What is the current interest rate of a Wells Fargo Bank mutual fund in Texas?
There are a number of different Wells Fargo Mutual funds. The average return for a mutual fund in 2009 was 5%
Where can one go to compare their mutual funds?
One can go to their local banks or online to compare the rates that the mutual fund is giving. For example, where you would be trading would have a list of the current purchase and sale rates. An example could be if you used Edward Jones they would be able to tell you the current value of an individual mutual fund invested with them, or the cost to purchase more.
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 is net asset value?
Net asset value (NAV) is a term that is used in Mutual funds. It is the current value of the assets held under the investment.Let us say a mutual fund house has 100,000 units in the market at a face value of $10 then the MF house would have collected $1,000,000. This amount will be used to purchase shares. Here $10 is the face value or the initial NAV of the mutual fund.After say 3 months, the value of the investments (shares and other stock market instruments) have increased and the net assets in the fund is $1,500,000 then the current NAV is $15. The Net asset value of the mutual fund has increased by $5 in the past 3 months.Net asset value of the business means the firms total assets less its total liabilities.
How do you calculate aum for a mutual fund?
AUM stands for Assets Under Management. This is the net value of money that is currently being managed by the mutual fund house. It is a product of the no. Of units outstanding in the mutual fund and the net asset value. Let us say the NAV of a mutual fund is Rs. 20/- and there are 50000 units of the mutual fund sold till date, the net Assets Under Management would be Rs. 10 lakhs. Alternately, the AUM can be considered as the total value of all investments at the end of a trading day that is held by a mutual fund house. It will be the value of all the individual shares held by the company + any cash components held in their accounts.
