Question

most mutual funds are members of a group of mutual fund known as​

Answer 1

Answer:

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Explanation:

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Answer 2

Investors of mutual funds are known as unit- holders.

• Mutual funds have a unique structure not shared with other entities such as companies or firms.
• A mutual fund is an investment scheme that pools money from many investors which is further invested by a professional fund manager.
• There are six common types of mutual funds.
• SEBI regulates mutual funds, depositories, custodians and registrars & transfer agents in the country.
• The sponsor is the promoter of the mutual fund.
• The Mutual Fund may be managed by a Board of trustees of individuals, or a trust company
• A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus.
• Mutual funds give small or individual investors access to professionally managed portfolios of equities, bonds, and other securities.
• Mutual funds charge annual fees, expense ratios, or commissions, which may affect their overall returns.
• A group of mutual funds with a common management are known as fund families.
• The value of the mutual fund depends on the performance of the securities in which it invests.
• The price of a mutual fund share is referred to as the net asset value (NAV) per share, sometimes expressed as NAVPS.
• Mutual fund shares can typically be purchased or redeemed at the fund's current NAV.

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