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It depends on what type of funds you hold. If it is an open ended fund you can sell it anytime you want. If it is a close ended fund (with a lock-in period) you need to wait until the scheduled end date and then only sell the fund.
Even in case of open ended funds, redeeming/selling the funds during the 1st year usually carries a penalty of around 1%. The actual penalty varies from fund to fund and from country to country.
What else can I help you with?
Which is the best gold mutual fund for Indian market?
which is the best gold mutual fund in the Indian market? can we purchase and sell online gold mutual fund without any mediator and how?
A blank is invested by managers in a diversity of stocks bonds and other securities?
A fund invested by managers in a diversity of stock, bonds, and other securities is called a mutual fund. Most mutual funds are open-ended which means that stockholders may purchase or sell shares at any given time.stockholders can buy or sell shares of the fund at any time
Difference between NFO and mutual fund?
NFO is the first stage in the life of a mutual fund. A mutual fund becomes an active fund only after the New Fund Offering (NFO) is complete. An NFO is an option where people invest in the fund house for the first time. Once the fund house gets established, then there is no NFO, any investor can contact the fund house and buy the fund.
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 do you mean by mutual fund?
Mutual Fund is an open-ended fund operated by an investment company which raises money from shareholders and invests in a group of assets, in accordance with a stated set of objectives. Mutual funds raise money by selling shares of the fund to the public, much like any other type of company can sell stock in itself to the public.
Which is the best gold mutual fund for Indian market?
which is the best gold mutual fund in the Indian market? can we purchase and sell online gold mutual fund without any mediator and how?
A blank is invested by managers in a diversity of stocks bonds and other securities?
A fund invested by managers in a diversity of stock, bonds, and other securities is called a mutual fund. Most mutual funds are open-ended which means that stockholders may purchase or sell shares at any given time.stockholders can buy or sell shares of the fund at any time
Can you buy and sell open ended mutual fund anytime please suggest you?
Yes, open ended mutual fund work like a bank account.You can invest on any working day in any schemes you want to and you can take back the investment in part or full on any working day from most of the schemes within 72 hours.Where Reliance mutual fund provide the best information regarding buying and selling mutual fund.
Difference between NFO and mutual fund?
NFO is the first stage in the life of a mutual fund. A mutual fund becomes an active fund only after the New Fund Offering (NFO) is complete. An NFO is an option where people invest in the fund house for the first time. Once the fund house gets established, then there is no NFO, any investor can contact the fund house and buy the fund.
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 do you mean by mutual fund?
Mutual Fund is an open-ended fund operated by an investment company which raises money from shareholders and invests in a group of assets, in accordance with a stated set of objectives. Mutual funds raise money by selling shares of the fund to the public, much like any other type of company can sell stock in itself to the public.
How can I liquidate my investments by selling mutual funds for cash?
To liquidate your investments in mutual funds and turn them into cash, you can sell your mutual fund shares through your brokerage account. Simply log in to your account, locate the mutual fund you want to sell, and place a sell order. The proceeds from the sale will be deposited into your account as cash. Keep in mind that selling mutual funds may have tax implications, so it's important to consider this before making any transactions.
Is mutual fund accounting different in Omaha, NE?
There is no real difference in a mutual fund accounting in any area. The only thing to worry about is various laws in different states with mutual fund accounting.
Did George Bush created a mutual fund?
There is a Bush Era mutual fund created in 2005 called the Roosevelt Anti-Terror Multicap fund. This mutual fund does not invest in any companies from North Korea, Sudan, Syria, or Iran. The fund does not invest in companies from terror-sponsoring countries.
How do you write a letter to redeem your mutual fund shares?
To redeem your mutual fund shares, start by addressing the letter to the mutual fund company and include your account details, such as your name, account number, and any relevant identification. Clearly state your intention to redeem your shares and specify the amount or number of shares you wish to sell. It's important to sign and date the letter and, if required, include any forms or documentation specified by the fund. Finally, keep a copy of the letter for your records and send it via a secure method, such as certified mail, to ensure it is received.
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.
How are mutual fund fees calculated and what factors are taken into consideration when determining the fees for a mutual fund?
Mutual fund fees are typically calculated as a percentage of the total assets under management. Factors that are considered when determining these fees include the fund's operating expenses, management fees, distribution and marketing costs, and any other administrative expenses incurred in managing the fund.
