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What is mutual fund accounting? |
What is mutual fund accounting? Mutual Fund is a Fund established in the form of a trust by a sponsor to raise money by the trustees through the sale of units to the public under one or more schemes for investing in securities in accordance with the regulations. Thus, a mutual fund collects money from the investors, issues certificates to them known as units and invests the money collected in securities so as to achieve mutual benefits in terms of capital appreciation in such securities. It is a non-depository, non-banking financial intermediary, which acts as an important vehicle for bringing wealth holders and deficit units together indirectly. Mutual funds are distinct from portfolio management schemes and are essential vehicles for collective investment in stock market, risk diversification and expert management advice of the fund managers. Portfolio Tracker Mutual fund accountants reconcile and update the general ledgers each day, by monitoring security trades, settlements, and cash movements in order to calculate the daily Net Asset Value (NAV) of each fund. |
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It depends upon the fund. Some price hourly, however 99% of firms price their funds at the close of business. When they release the information is specific to the firm and when it appears is spec... It's how much/often they buy/sell each year. Depending on what kind of account you have it in and what your tax rate is, a low turnover fund could be better since it would throw off less in c... You need to get certified and registered at AMFI for selling and distributing the mutual funds. visit www.amfiindia.com/showhtml.asp?page=ce... ...Mutual fund is a group of different stocks, usually 100 or more. An index fund is all the stocks in something like the Dow Jones 30, or it could all the stocks on the NYSE, or all the stocks in th... That all depends on your needs. If you don't need to touch money for a while, put more towards higher growth international funds and equity/stock funds etc.. If you need your money to be in so... A Roth can be a mutual fund. Are you asking about a Roth vs. a non retirement investment or a Roth vs. a traditioanl IRA? ...... Most funds are sond through 3rd parties,like stockbrokers or insurance salesmen. ... |
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