Mutual Fund is an excellent financial product which allows pooling of resources to reduce overall cost of investing and sharing of risks. E-Mail/Electronic Communication Feature of MUtual Fund Account statements and scheme related documents can be send to your mailbox Benefit of Fund Email delivery of your account statements ensure that you do not waste … Continue reading »
Filed under F.A.Q …
F.A.Q’s ETF (PART 3)
ETFs are different from Mutual funds in the sense that ETF units are not sold to the public for cash. Instead, the Asset Management Company that sponsors the ETF (Fund) takes the shares of companies comprising the index from various categories of investors like authorized participants, large investors and institutions. In turn, it issues them … Continue reading »
F.A.Q’s ETF (PART 2)
Exchange Traded Funds (ETF) and its advantages: Advantages of ETFs While many investors have similar outlooks, no two are exactly alike. Due to the unique structure of ETFs, all types of investors, whether retail or institutional, long-term or short-term, can use it to their advantage without being at a disadvantage to others. They allow long-term … Continue reading »
F.A.Q’s ETF (PART 1)
ETFs are just what their name implies: baskets of securities that are traded, like individual stocks, on an exchange. Unlike regular open-end mutual funds, ETFs can be bought and sold throughout the trading day like any stock. Most ETFs charge lower annual expenses than index mutual funds. However, as with stocks, one must pay a … Continue reading »
PMLA 20002 and Mutual Funds in India.(KYC Compliance for Mutual Funds)
The provisions of The Prevention of Money Laundering Act, 2002 (PMLA), has made it mandatory for all Mutual Funds to comply with the ‘Know Your Client’ (KYC) norms of the applicants desirous of subscribing to their ‘units’. In this regard, CVL has been mandated by the Mutual Fund industry to create the necessary infrastructure in … Continue reading »
