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Mutual Funds 101

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Questions and Answers

What is NAV in the context of mutual funds?

NAV stands for Net Asset Value, which is the total value of a scheme minus liabilities, divided by the outstanding number of units.

Explain the concept of mutual fund and how it is created.

Mutual fund is a collective investment created through mutual contributions made by large numbers of small savers. Fund managers pool the contributions to invest in shares and debentures.

What are some facilities offered by mutual funds for investment pattern flexibility?

Mutual funds offer facilities such as Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP), and more.

How is the price of each unit in a mutual fund determined?

<p>The price of each unit is governed by the value of underlying investments. The initial offer price of each unit is typically Rs. 10.</p> Signup and view all the answers

Who can be seen taking initiative as a fund manager in mutual funds?

<p>Financial institutions, private companies, and public companies can be seen taking initiative as fund managers in mutual funds.</p> Signup and view all the answers