The AMC may charge the scheme with investment management and advisory fees subject to the following limits: – @ 1.25% of the first Rs. 100 crores of weekly average net assets outstanding in the accounting year, and @ 1% of weekly average net assets in excess of Rs. 100 crores. – For no load schemes, […]
Continuing the mutual fund tutorial, for whom is a mutual fund suitable? Well it is suitable for people who do not have ALL THE THREE : Time Lots of money Skills of stock picking, portfolio construction and fund management skills. Then you go for mutual funds. Mutual funds give you the following advantages: Portfolio diversification […]
Mutual funds are an excellent route to create wealth for yourself. However, they do not come cheap. They have some charges. Some visible, some invisible. You need to be aware of the charges, that is all. Let us look at some of the charges: 1. Entry load: this is charged to pay the distributor for […]