what is the difference between mutual fund and banks
Answer / sanmilan
Banks do normal Banking Procedures like Parking Your Funds
on safe custody for your use and the pattern you would like
to. For e.g. If you want to park your Funds for your day to
day needs, it can be kept in the Savings/Current Account, in
FD and other fixed Instruments for your Long Term Needs, in
Flexi Accounts jointly for the above purposes etc.
Mutual Funds are Money managers, who advise & invest your
Money on your behalf in various Funds according to your
needs for a specified period.
A Bank can act as a Mutual Fund Manager but a Mutual Fund
cannot act as your Bankers on all the cases.
Is This Answer Correct ? | 33 Yes | 7 No |
EXPAND_________SEAMEC
Any body please give me the model paper of capital iq and what they have given the questions and what am i preparing for written test
3 Answers Capital IQ, Finance,
what is open item management?
EXPAND_________BID
HOW WE ENTER PF AND ESI IN TALLY AND OTHER ACCOUNTING SOFTWARE
Expand F D I
Expand L S T
why should the company give first perference to the perference shareholders?
Difference between post date and value date?
a company sold an equipment for $8600, but the actual book value of the machine was $8000, pass journal entry
What is BMP in IMS?
what is the difference between a company's balance sheet & a bank's balance sheet.what is the negotiable instrument act . is cheque a negotiable instrument.
4 Answers ESIC, State Bank Of India SBI,