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Thread: Mutual funds basics

  1. #1
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    Default Mutual funds basics

    Fund Family: This is the company that owns and manages
    the specific mutual funds. Some companies, like
    Fidelity (shown in Figure 2-3), operate dozens of funds
    with various investment objectives and styles.
    Fund Name: Shown in abbreviated form, this is the
    name of the specific mutual fund. In this listing,
    “AggGrow” stands for Aggressive Growth, whereas “Bal”
    (a few lines down) translates to Balanced, and “Canada”
    names a fund that specializes in stocks of companies
    based in that country.
    NAV: The net asset value per share, as described earlier
    in this section, as of the end of the previous business day.
    In this sample listing, Fidelity’s Aggressive Growth fund
    had a NAV of $43.57 per share.
    Daily % Return: Yesterday’s change in value of NAV
    from the previous day. In the listing shown, the NAV of
    Fidelity’s Aggressive Growth fund had fallen by 0.3%
    from the previous day. If you’re an investor in the fund,
    you don’t want to see a downward trend continue indefinitely.
    Year to Date % Return: This is the change in value of
    NAV from the start of the calendar year (actually, from
    20 CliffsNotes Investing in Mutual Funds
    December 31 of last year). So far this year, Fidelity’s Aggressive
    Growth fund has, in fact, grown aggressively — 40.2%
    in just a little over six months. (By contrast, the Canada
    fund, for example, has grown about 9.4% — still
    respectable for one-half of a year

  2. #2
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    but why people have less inclination towards online trading of mutual funds!
    About two months after their launch, activity on mutual fund (MF) platforms of stock exchanges
    remains comatose, as investors continue to
    stick to the age-old system of buying and selling products through distributors.

    One reason for this is over half of the asset management companies (AMCs) are yet to list their products on stock exchanges. But more significantly, most stock brokers are less enthusiastic about providing services to transact mutual fund schemes through the new platform.

    Though brokers publicly maintain that trading of mutual fund products is the next big thing for them, they are slowly realising the practical difficulties of scaling up the business. Brokers earn majority of their revenues from regular trading of stocks by clients, but mutual fund schemes can’t be bought or sold in the same manner as shares.

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    some people ask for expert advice in trading all the time.

    But Why you need an expert broker?

    People like you and me just cannot go to a stock exchange and buy and sell shares. If we want to buy shares, we have to

    get in touch with someone who is a member of the stock exchange. Which means we need to talk to a stockbroker (brokers

    are members of the stock exchange).

    Stockbrokers buy and sell shares for themselves to make a profit. They also buy and sell shares on behalf of people like

    you and me and take a commission for doing so.

    Every stockbroker has to be registered with the Securities and Exchange Board of India, the stock market regulator.

    SEBI's main function is to make sure those who invest in the stock market follow the rules and no scams take place. It

    is supposed to act as a watchdog on behalf of the investors.

    Brokers have computer terminals in their offices, from which they trade. For instance, a broker on the BSE will also

    have BSE terminals in other cities. That means, you don't have to be physically present in Mumbai to trade on the BSE.

    Even if you stay outside Mumbai, you can contact a BSE broker and buy or sell stocks on the BSE.

  4. #4
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    i would not require an expert broker.they charge too much!

  5. #5
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    Quote Originally Posted by pawankumar View Post
    i would not require an expert broker.they charge too much!
    trust me you would as you would loose too much if you go on your own!

  6. #6
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    Motilaloswal Oswal is well known (Expert)sub broker since 1987, providing with latest shares and stock market updates.

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