Top 10 Frequently Asked Questions about Mutual Fund By SavingsPinay ITEM NUMBER 1
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QUESTION What is a Mutual Fund?
What are the Benefits of Investing in Mutual Fund?
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What is the guaranteed return?
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Can I withdraw my money in mutual fund?
ANSWER
Mutual Fund is an investment vehicle wherein a trusted financial manager will pool together the investors’ money for a collective investment. A Fund Manager will be responsible in investing your money to assets that can match your investor profile. There are seven main advantages of mutual fund: 1. Low Initial Investment- Starting a mutual fund account will only cost 5,000pesos which is a very fair amount whether you are working in a minimum wage or above minimum. 2. Diversification- When you open your mutual fund account, all the money you invest will be diversified to different corporations intelligently picked by experts. 3. Convenience and Cost Efficiency- In mutual fund you are free of stress in buying or selling or any other key terms and what abouts in the stock market. 4. Principle of Compounding- Compounding is the best friend of your investment. The more time your money is in the stock market the higher it will gain interest. 5. No more Tax- There is no tax applicable for this one. All your investment will be with you without any tax deduction. 6. Regulated by SEC- Investing in mutual fund is regulated by Security and Exchange Commission so you will have no worries that your investment will be put to waste. Just be sure to invest in true and regulated mutual fund firms. 7. Liquid Statement- Liquidity is easier in mutual fund because the company will really let you see what is happening to your investment. The breakdown of everything is present that gives you an edge over other investments. As per any investment, there are no guarantees in mutual funds. The values change frequently. However, the returns of your money invested in a mutual fund is much higher compared to parking your money on a banks and saving accounts. Yes. You can withdraw your money anytime though this rule may depend on which asset management company you signed up. You have immediate access to your Net Asset Value Per Share which is determined at the end of the day so you have idea of your gains.
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How much is investing in mutual fund cost? What are the requirements in opening a mutual fund? How do I monitor my Mutual Fund Investments When is the right time to invest in a mutual fund? Is mutual fund a one-time payment investment? What is the estimate year of return?
From: http://savingspinay.blogspot.com/
Opening mutual fund account is between 5,000-10,000pesos. Then you can add fund to your account in as low as 1,000pesos. Requirements when investing in a mutual fund vary depending on the company you invested with. You will surely fill up an Account Opening Form, Order Form, and Signature Card and must present valid ID’s. Most Asset Management Companies give a member-only portal where you have access in everything that concerns your investment. You should also receive a proof of investment and/or a receipt and statement of account. NOW. If you want to enjoy the full return of your investment it is important to invest early. It depends on your investment style. You can invest one-time or invest regularly. You can also do the peso-cost averaging method on your investment. The possible returns depend on when you started investing and what type of fund you invested with. Again, the longer your money stays invested, the higher the return will be. Give your investment a good 10-15 years to see reasonable growth.
Top 10 Frequently Asked Questions about Mutual Fund.pdf ...
4 Can I withdraw my money in. mutual fund? Yes. You can withdraw your money anytime though this rule may depend on which asset management. company you signed up. You have immediate access to your Net Asset Value Per Share which is determined at. the end of the day so you have idea of your gains. Page 1 of 2 ...
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