0
Unit Trust of India is the first Mutual Fund set up under a separate act, UTI Act in 1963, and started its operations in 1964 with the issue of units under the scheme US-64. As it got government following for further operations and up gradations to be pace with the latest developments in the money market, it gets low. Reliance Mutual Funds and some more privately run Mutual funds are best bet to go with.
What else can I help you with?
Where was the first municipal corporation in India set up bombaydelhi calcutta or madras?
Where was the first municipal corporation in India set up? Madras in 1687;) Ans: Madras is the oldest municipal corporation in India, which was formed in 1688, two years before to the formation of Kolcutta municipal corporation.
Where was the first cement factory set up in India?
Portland cement was first manufactured in 1904 at a small factory in Madras. Dalmianagar
What three countries were the first to set up colonies in what is now New Jersey?
india, canada,and new netherland.
Who was the ruler of India when east India company was set up?
en.wikipedia.org/wiki/East_India_Company -Ans is JAHANGIR
This Mughal emperor was the one who agreed to allow the English to set up a base of operations for trade in India.?
Jahangir agreed to allow the English to set up a base of operations for trade in India.
Which was the first public sector mutual fund to set up after the Unit Trust Of India?
SBI mutual fund
Can you acquire a mutual fund for your children?
Yes you can set up a mutual fund for your child. You will need their proof of guardianship as well as their social security number.
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.
What is the meaning of close end fund of Mutual fund?
A close ended mutual fund is one which does not accept fresh deposits/investments into the mutual fund once it is kicked off/started. Only the set of investors who invested their money in the fund during the IPO period remain investors. The fund manager would have promised his investors a certain kind of performance through the prospectus and would have a specific/fixed timeframe within which he plans to do so. Since he does not have to worry about fresh amount deposits or frequent redemption requests, he would be able to think for the long term and maximise the returns of the mutual fund.
Can anyone tell me how does mutual fund functions?
Mutual funds are set up with major objective of investing in multiple securities that can run into hundreds,it take weeks for an investor to investigate on this kind of scale ,for more information you can log on to various AMC websites like Reliance mutual fund,ICICI,HDFC and other.
Why do we need mutual fund calculators?
You can invest regularly in mutual funds through systematic investment plan. It allows you to invest a fixed amount of money in mutual funds regularly. You can set aside a certain amount of money monthly to invest in mutual funds.
What are mutual funds and where can I purchase them?
A mutual fund is basically a fund that you put your money into with a set percentage rate that allows your investment to grow into a larger amount. Contact a personal finance advisor or even your local bank, they have people trained to help you find the best investment for you.
Can you withdraw money from your mutual fund at age 47?
Ofcourse you can. If you select a Systematic Withdrawal plan you can set the intervals after which you can withdraw from your mutual funds. Reliance Mutual Funds has some good schemes when it comes to Systematic Withdrawal Plans.
When selling mutual funds are you taxed only on the dividends and earnings if the realized gains and losses were recorded in prior years and the tax basis adjusted?
diviend on sahre and mutual fund is fullt TAX FREE.And loss on sale of mutual fund can set-off from last year gains and carry-forward for the next 7 years.....
What is the definition of index funds?
An index fund or index tracker is a collective investment scheme (usually a mutual fund or exchange-traded fund) that aims to replicate the movements of an index of a specific financial market, or a set of rules of ownership that are held constant, regardless of market conditions.
Who was the Prime Minister of India when the Africa Fund was set up during the non-aligned summit at Harare?
It is in 1986 and that time Shri Rajeev Gandhi was the Prime Minister of India.
What accounts are available to set up a future fund?
There are a variety of accounts to set up for one's future in terms of investment funds. Investment retirement accounts (or IRAs) are one of the most common and secure means for future fund investments. Mutual funds and CDs are also popular for long term investments.
