Types of Mutual Funds
One must know the different types of funds that cater to investor needs, whatever the age, financial position, risk tolerance and return expectations.
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Classification of Mutual Funds
How do the Asset Management Companies differentiate themselves? And why does one scheme do better than another, or give a better return? The answer to these questions lies in the fact that Mutual Fund schemes can be classified or categorized...
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Open or Close Ended Schemes
Most mutual Fund schemes are either open-ended or close-ended. As the name suggests, open-ended schemes are those that are continuously open to the public of buying or selling, and doesn't have any maturity or closure period. Close-ended schemes, on the other hand have a predefined lifetime and the redemption happens at maturity. Close-ended schemes may also be listed at the stock exchange to provide liquidity options to the customer.
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Classification by Nature of Investment
What distinguishes one fund from the other, and determine your investment choice is the nature of investment? Funds are generally classified as Equity Funds or Debt Funds--and a hybrid of both these are the Balanced Funds.
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Mutual Fund Terminology
NAV NAV (Net Asset Value) is the value realizable on sale of a unit. All the assets (including market value of securities in the portfolio, accrued income and receivables) of the fund less liabilities (including expenses and payments due) divided...
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