Trust Mutual Fund
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Willie Said:
What is the difference between a mutual fund and a unit investment trust fund?We Answered:
An open ended mutual fund which the most common type of mutual fund and the mutual fund you are probably asking about is a non ending investment. There is no maturity date on this investment. The only way to get your money out is to sell your shares at the market value (called the NAV).A Bond Unit Trust is a package of bonds that does have a fixed maturity date. You recieve a YTM (yield to maturity) and a current return. The maturity date of each bond in the Unit Trust returns some principal to you. At the last maturity date you have recieved all you principal back. You can sell your remaining balance any time you wish at the market value.
Dianne Said:
What is the difference between a mutual fund and a unit trust?We Answered:
A mutual fund typically offers some liquidity. i.e. you can subscribe and redeem shares on a regular basis based on the calculated net asset value (NAV).A unit trust is sold on the open market, and then if you wish to buy or sell, you must do so on the open market, through a broker, at the market price which may be more or less then the calculated NAV
Hazel Said:
what is to days nav for petro growth and petro income shares Of unit trust mutual fund of India?We Answered:
visit UTI sitecheck link http://www.myiris.com/mutual/compare/sch…
14.12 Petro gr
search in google
more on my blog
Vanessa Said:
Need to find a mutual fund firm that will manage a $300K trust account?We Answered:
Fidelity was once a legend. The firm still has a good reputation. For mutual fund advice you could lok at Morningstar which ranks these funds. They publish an annual report which is available for $30 or so which compares mutual fund performance by year, location, fund strategy etc.I wouldn't be surprised if there were mutual funds which tracked Vanguard investments closely but required a much smaller deposit.
Janet Said:
what is the difference between unit investment trust fund and mutual funds?We Answered:
You always know exactly what you own in a Unit Investment Trust because it's unmanaged. The stocks never change, just their weighting changes. The same stocks will be in the UIT when you sell as when you bought. A mutual fund is actively mananged and can own lots of stocks and the manager buys and sells the stocks according to what he/she thinks the fund should own (to put it in simple terms.) Generally, UITs own fewer stocks than mutual funds so you can really get into some specific areas in the market with a UIT.