what is mutual fund?
2006-10-25 19:55:21 · 5 answers · asked by esther t 1 in Business & Finance ➔ Investing
This web page should give you all the details you seek :
http://en.wikipedia.org/wiki/Mutual_fund
2006-10-25 20:04:25 · answer #1 · answered by Shushana 4 · 3⤊ 0⤋
A Mutual Fund is a form of collective investment that pools money from many investors and invests the money in stocks, bonds, short-term money market instruments, and/or other securities. [1] In a mutual fund, the fund manager trades the fund's underlying securities, realizing capital gains or loss, and collects the dividend or interest income. The investment proceeds are then passed along to the individual investors. The value of a share of the mutual fund, known as the net asset value (NAV), is calculated daily based on the total value of the fund divided by the number of shares purchased by investors.
Types of mutual funds
1 Open-end fund
2 Exchange-traded funds
3 Equity funds
3.1 Capitalization
3.2 Growth vs. value
3.3 Index funds versus active management
4 Bond funds
5 Money market funds
6 Hedge funds
2006-10-26 03:05:55 · answer #2 · answered by boss 1 · 1⤊ 0⤋
Unit and Investment Trusts, types of managed investment fund, similar to those known in America as mutual funds, that combine the money of their investors in a wide variety of stocks, shares, and money market instruments such as government or corporate bonds and bank deposits. Unit and investment trusts provide the investor with professional management of funds and diversification of investment among the securities offered by companies, governments, and other entities.
2006-10-26 02:59:17 · answer #3 · answered by Josh 3 · 0⤊ 0⤋
mutual funds are profitable when the bulk funds we invested
goes to a right firm/financial institution which is on growh path
if not we fail our funds get no equitable returns
2006-10-29 19:15:26 · answer #4 · answered by R Purushotham Rao 4 · 0⤊ 0⤋
Please visit
www.moneycontrol.com
www.cnnmoney.com
2006-10-26 03:38:39 · answer #5 · answered by Rahul 2 · 0⤊ 0⤋