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Mutual Funds
An investment instrument formed when investors pool their funds together. The mutual fund manager invests the sum in stocks, bonds, or other financial assets.
1,628 Questions
You don't have enough funds in your checking account and you don't have enough funds in your savings account. Bank of America will continue charging this overdraft fees until you have a deposit in your checking account to cover these fees (if it is enough).
The only way to stop this is try to have enough funds to cover your bills. You know how much you get from each check. Use that amount to cover your bills like transportation, food, rent and utility bills. After you subtracted that amount which is your net pay from all the bills you get, you that amount to save a little in your savings account. That way bank of America can stop this. All banks charges fees.
What parties involved in mutual fund?
(1) A Mutual Fund promoter company: Their role is to settle a Trust owning all fund assets. That trust will invest all fund money in the name of the trust.
(2) Trustee of Mutual Fund: Trustee has to be a bank.
(3) Fund Manager: Their role is to invest and daily operations. They are investment advisers approved by Capital Markets Authority/Securities Exchange Commission.
(4) Custodian: Custodian holds custody of all the assets of the fund. They have to be a bank or approved institution authorized to act as Custodian by Capital markets Authority/ Security Exchange Commission.
(5) In addition Investment Banks/Brokers will be retained to market the Mutual Fund. Their role is to get subscription into the fund.
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 a non load mutual fund?
A no-load mutual fund is one that does not charge a fee to investors. Many mutual funds have a "load" or initial fee, often around 5%, that investors must pay in order to buy in to the fund. No-load mutual funds lack this fee, and earn money for their managers in different ways. Most index funds are no-load funds.
What is the difference between provident fund and pension fund?
The difference between a pension fund and provident fund is in how the benefits are paid out. A provident fund pays all he retirement benefits in a lump sum cash benefit at retirement. A pension fund pays one third of the benefit as a lump sum at retirement and the rest is paid out over the lifetime of the beneficiary.
no. If you are not a stock riots investor you should diversify because diversification is just protection against ignorance because a real investor won’t care about fluctuations in the market because they will care about the underlying value of a security. If you aren’t a serious investor then you should diversify. if you are a serious investor then you shouldn’t diversify because you know what your doing and you prefer down times so you can buy more undervalued securities.
What is mutual fund global trading?
mutual fund global trading refers to that type of trading which is used between the two country's.
What is mid cap in mutual funds?
These are Mutual Funds that invest in companies that fall under the Small & Midcap category. They usually search for small to medium sized companies with good fundamentals and growth potential and invest in them.
Can you switch a few units of a fund from growth to dividend?
No. You would have to withdraw/redeem the amount you wish to take out from your growth fund and then invest afresh in the dividend option. Switching between growth and dividend is not possible directly because the NAV of the two funds will be totally different.
Who are the voices in over the hedge?
bruse willis is rj the ratcoon brad pitt is vernie britney spears is Stella and in some parts Jim carrey is also vernie
What does the world thinking day fund support?
World Thinking Day Fund supports various initiatives aimed at empowering girls and young women globally. The funds are primarily allocated to projects that promote education, leadership, and personal development within the context of Guiding and Scouting. These initiatives often focus on addressing issues such as gender equality, health, and environmental sustainability, enabling participants to make a positive impact in their communities.
How do mutual funds make money?
They make money by buying and selling the instruments they are designed to invest in. For ex: Equity MF's will invest in stocks, a Debt MF will invest in Bonds and other debt instruments
What is aFormula Return on long term funds?
EBIT
Return on long term funds = ------------------- x 100
Long term funds
What are the methods for taking funds out of a mutual fund?
You can get monthly income by making a single investment in an open-ended scheme and redeeming fix value of units at regular intervals. Such a plan is called a Systematic withdrawal plan.
A systematic withdrawal plan allows the account holder a certain level of independence from market fluctuations. By making periodic withdrawals, you can enjoy average return values that often exceed average sale prices. In this way, you can secure higher unit prices than those attainable by withdrawing everything at once.
Guidelines for primary market by SEBI?
Not all company's can issue shares to the public. SEBI has provided a list of requirements that need to be met by a company if they wish to go public. A company that wishes to go public needs to meet all of the below mentioned criteria…
Entry Norms I or EN I:
1. Net Tangible assets of atleast Rs. 3 crores for 3 full years
2. Distributable profits in atleast 3 years
3. Net worth of atleast 1 crore in 3 years
4. If there was a change in name, atleast 50% of the revenue in the preceeding year should be from the new activity
5. The issue size should not exceed 5 times the pre-issue networth of the company
To provide sufficient flexibility and also to ensure that genuine companies do not suffer on account of rigidity of the above mentioned rules, SEBI has provided 2 alternate routes to company's that do not satisfy the criteria for accessing the primary market. They are as follows:
Entry Norms II or EN II:
1. Issue shall be only through the book building route with atleast 50% allotted mandatorily to Qualified Institutional Buyers (QIBs)
2. The minimum post issue face value capital shall be Rs. 10 crores or there shall be a compulsory market-making for atleast 2 years
Or
Entry Norms III or EN III:
1. The "Project" is appraised and participated to the extent of 15% by FI's/Scheduled Commercial Banks of which atleast 10% comes from the appraiser(s).
2. The minimum post issue face value capital shall be Rs. 10 crores or there shall be a compulsory market-making for atleast 2 years
3. In addition to the above mentioned 2 points, the company shall also satisfy the criteria of having atleast 1000 prospective allotees in future.
Contracts of "mutual interest" are such as are entered into for the reciprocal interest and utility of each of the parties; as sales exchange, partnership, and the like. (Blacks Law Dictionary, Fifth Edition - 293)
What is mutual fund reconciliation?
Mutual fund reconciliation is a term used to describe people who are in charge of reconciling fund accounts. They handle a lot of the mutual fund operations.
It means the sale of all assets of a fund and the distribution of the assets to all the share holders. This generally means shareholders were forced to sell at a time not chosen by them.
