Key Points to Remember
Mutual funds are not guaranteed or insured by the FDIC or any other government agency — even if you buy through a bank and the fund carries the bank’s name. You can lose money investing in mutual [...]
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Written By: Yogin Vora on August 25, 2009
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Glossary: Some terms related with Mutual Funds:
ACCOUNT STATEMENT:
A document issued by the mutual fund, giving details of transactions and holdings of an investor.
ADJUSTED NAV (TOTAL RETURN):
The net asset value of a unit assuming reinvestment of distributions made to the investors in any form.
ADVISOR:
Your financial consultant who gives [...]
Written By: Yogin Vora on August 21, 2009
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INDUSTRY BACKGROUND
The mutual fund industry started in India in a small way with the UTI Act creating what was effectively a small savings division within the RBI. Over a period of 25 years this grew fairly successfully and gave investors a good return, and therefore in 1989, as the next logical [...]
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