Mutual Funds

Yes. Since the Fund meets the definition of a money market fund under the Act, the Fund may be classified as a cash equivalent in Company X's statement of cash flows. FASB Statement No. 95, Statement of Cash Flows ("FAS 95"), par. 9, indicates that items commonly considered cash equivalents include treasury bills, commercial paper, and money market funds. Although FAS 95 does not include the definition of what constitutes a money market fund, we believe it is appropriate for a money market fund that meets all of the qualifying criteria for a money market fund under the Act to be classified as a cash equivalent in the statement of cash flows.

However, If the Fund does not meet all of the qualifying criteria for a money market fund under the Act, Company X should compare the attributes of the investments made by the Fund, such as credit quality and maturity, and the weighted average maturity of the Fund's investments to the requirements for an SEC registered money market fund in order to determine if classification of its investment as a cash equivalent is appropriate. FAS 95, par. 8, states that:

"...cash equivalents are short-term, highly liquid investments that are both

a. Readily convertible to known amounts of cash

b. So near their maturity that they present insignificant risk of changes in value because of changes in interest rates.

Generally, only investments with original maturities of three months or less qualify under that definition."

I think that if (1) the Fund's policies include a provision that requires the weighted average maturity of the Fund's securities holdings not to exceed 90 days, (2) Company X has the ability to redeem the Fund's shares daily in accordance with its cash-management policy, and (3) the Fund's investment attributes are consistent with the investment attributes of an SEC registered money market fund and the definition of cash equivalents in FAS 95, it would be appropriate for Company X's investment in the fund to be classified as a cash equivalent in its statement of cash flows.

The major difference between a Unit Trust and a mutual fund is that a mutual fund is actively managed, while a unit investment trust is not managed at all. Capital gains, interest and dividend payments from the trust are passed on to shareholders at regular periods. If the trust is one that invests only in tax-free securities, then the income from the trust is also tax-free.

A unit investment trust is generally considered a low-risk, low-return investment.

Some investors prefer Unit Trusts to mutual funds because Unit Trusts typically incur lower annual operating expenses (since they are not buying and selling shares); however, Unit Trusts often have sales charges and entrance/exit fees.

Mutual funds can be open ended or close ended. But unit trusts are open ended instruments.

UTI Master share(D) Pay dividend expecting Rs 25% of the 2008-09 FY.

IAS-39/32 or in future IFRS-9 will apply.

all kinds of fin inst will be under the coverage of these three std's.

The meaning of a "hedge" would be best described as a "hedge of protection" against the volatile market. Also used in the term Hedge Fund

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.....

A balanced fund invests in a mix of debt and equity. most balanced funds available in the market keep a minimum of 65% in equity. This qualifies them as an equity oriented fund and the are eligible for tax

benefits on long term capital gains.

Balanced funds aim to derive growth from equity component and stability from debt component. they can dynamically shift from one asset class to another as the markets change course - which is difficult for the

individual to do with a combination of an equity and an income fund.HDFC Prudence and SBI Magnum Balanced fund are good performing funds in this class.

Yes it is. You do not need to pay money to get your own money. And as you never knew you had any there, that tells the tale.

Mutual fund and FII

Netflix

AMFI

CDSC is the fine print that your financial adviser doesn't tell you upfront when you buy your funds. Then when you call to ask if there are fees involved if you move your money, they say no, just an account closing fee of $20 or $30. So, you think OK, I will move my money into a better fund. (That you found on your own.) Then you get your statement in the mail. The money has been transferred, but not before they hammer you with a CDSC Fee. These "so called" financial advisers set you up with crap funds that make them the most money, by tying up your money into these funds for several years. If you move them they hit you with the CDSC Fee. And don't even get me started on life insurance they want to sell you. Whole variable life, variable life, and what ever catchy name they want to attach to these investing schemes. Bottom line: TERM insurance only.

Investment management agreement

the apex regulatory authority

60$.75

1.0

yes

Shareholders funds (also known as Equity) represent the book value of the company.

For example, if a company has assets of $10MM and liabilities of $6MM, the book value of the company is $10MM - $6MM = $4MM.

Book value per share is computed by dividing the book value of the company by the number of outstanding shares.

For example, if the number of outstanding shares is 400,000, the book value per share is $10.

Yes. Usually fund houses send out account statements to their customers once a year or when the customer buys/sells units. Also, if you want a duplicate statement, you can call the fund house customer care and request for one.

The benefits of mutual fund is that it helps to diversify your investments as it invest in a broad range of securities. It also helps to reduce the investment risk. The funds are easily accessible and can be retrieved quickly.

When you buy a share in a mutual fund, you're actually buying very small partial shares in many different companies. Many times, you're buying shares in multiple industries. For instance, you might buy a share in a mutual fund called "Growth Fund X". This fund may own shares in McDonald's, Blockbuster, Foreign oil companies, communication companies in Europe, Nike, and the Canadian Utilities. The point is, if foreign oil isn't doing well, Nike and the communication companies still are. If Nike starts falling, foreign oil might be picking back up. So your potential loss or potential gain is not hinged on one stock, but typically hundreds.

Primerica Financial Services allows regular people to get their Series 6 and 63 licenses through the company, for very low cost. While this is not a job, the opportunity is a very good one in terms of education and potential profits. Also, of note: PFS is the only financial company who allows their Securities licensed agents to be part time, meaning it's possible to work a full time job with one company and work part time with PFS, assuming there is no conflict of interest in the two positions.

TBT