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What are mutual funds and what are the best funds to buy at
this time. Why??
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Answer Posted / n
A mutual fund is an investment trust, which collects the
invertible amounts from individual investor. This amount is
used to purchase various assets based on the investment
policy of the fund and the units are alloted to investors
according to their contributions. The value per unit is
calculated as;
NAV (Net Asset Value)= Value of Net Assets/No.of Units.
An open ended fund's unit can be sell back to the fund. But
a closed ended fund will repay the amount only after a
predetermined period. But the investors can sell the units
of this fund though securities exchanges.
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