Let's understand how you can leverage mutual funds to achieve your life's biggest dreams:A Blissful RetirementRetirement is a milestone we all aspire to reach. However, ensuring a financially secure post-retirement life requires diligent planning and investment. Mutual funds c...
Becoming a financial advisor can lead to a lucrative career, but the real reward is helping clients achieve their dreams.
To put it simply, when you invest in the Regular Plan of a mutual fund scheme, a part of your gains are taken and paid to the agent. On the other hand, if you invest in Direct Plans of a mutual fund scheme, there is no broker involved. Therefore no commission needs to be paid, ...
Hearing firsthand from someone you know and trust about how an advisor communicates and responds to messages can be invaluable. Your accountant, attorney, insurance agent and even your mortgage broker routinely network with financial advisors as "Centers of Influence." These referrals are especially ...
Mutual funds can be defined as funds generated or pooled from various potential investors and used to purchase a portfolio or a particular financial...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough...
Transfer Agents:Transfer agents, also known as fund registrars, are intermediaries responsible for maintaining shareholder records and processing transactions for mutual funds. Some transfer agents allow investors to buy mutual funds directly from them. Investors can reach out to the transfer agent of th...
The expense ratio is the cost an investor incurs forinvesting in mutual funds. It is calculated as a percentage of the NAV. Hence investors have to make sure the fund has a lower expense ratio. Lower the expense ratio, the higher will be the returns. ...
Q.3. How do I find my ARN number for a mutual fund? Your ARN (Amfi Registration Number) is typically provided by the mutual fund distributor or agent who facilitated your mutual fund investments. You can find your ARN number on the mutual fund statement provided by your distributor or agen...
Exchange fees may be charged for moving money between funds at the same company. Purchase fees may be levied at the time shares of a fund are bought.4 The fee to purchase shares is the "load fee" paid to the broker or agent who sells the shares. This is a one-time charge, typically...
fund administration, pricing, shareholder services, and distribution. There are alsosalaries for the fund manager. These expenses are totaled, and you are charged for them as a percentage of your money with the fund. This is theexpense ratio. This can be found...