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What caused MDEFX mutual fund to drop 5 points in a day? |
What caused MDEFX mutual fund to drop 5 points in a day? The shares owned by the fund went down this much in price due to the currently weird market. Often, it is because a dividend/capital gain distribution has been made. Very common in December. Total Return is the indice you need to watch, not NAV. It is probably a capital gains distribution. Many funds make them in December. For example, if a fund has a distribution of $3 per share, the NAV will drop by $3. However, you will either receive $3 per share in cash or in new shares, depending on whether you reinvest your distributions. |
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GO TO SITES LIKE MONEYCONTROL.COM AND ICICIDIRECT.COM ...A mutual fund is a company. A company established to pool funds of many people for investing in any manner of businesses, stocks, bonds, real estate or any other area stated in the mutual fund comp... SSMVX most likely fell due to the distribution of short/long term capital gain and dividends. This type of distribution is very typical and is often seen at the end of the year. If you have dividen... Most of the mutual funds from big names firms are overpriced and underperform. Check out the performance and fees from the fund you bought with its peers. You could use the fund comparison tool at ... A share is a single unit of stock. Owning one share is like owning one very small peice of a company. A mutual fund is a collections of many shares picked by a group of people who are basicly say... It depends on the type of bond fund that it is. In the U S if the bond fund invests in municipal bonds, the dividend is tax free from federal taxes and possibly from state taxes as well. You will ... It is a bit too much to expect annualised returns of more than 40% from any given asset. I do not think any MF can deliver 40% annually year in and year out. Even the best of funds tanked in the ... Try Fund Manager Professional Edition. ... |
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