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Is a money market fund the same as a mutual fund?
A money market fund is a mutual fund, but behaves a little different than most fund.
What was the first money market mutual fund?
The first money market mutual fund (MMMF) was created in 1971 and called the Reserve Fund
When was the first money market mutual fund?
The first money market mutual fund (MMMF) was created in 1971 and called the Reserve Fund
What is the definition of a no load mutual fund?
A no load mutual fund is a mutual fund that does not charge a commission or sales charge. This means that you don't have to pay a fee to invest or withdraw your money, and all of your money will go to work in the mutual fund. A no load mutual fund means that there is no or very low fee charge for the fund. These are typically lower than loaded mutual funds.
When you own a mutual fund what exactly do you own?
Mutual fund is a low risk investment. If you invest in a mutual fund, you owns shares of the mutual fund company who is selling you fund. But you do not actually own any underlying asset of the stocks or securities that mutual fund has invested in even they are using your money to invest.
Was the Reserve Fund the first money market mutual fund?
The Reserve Fund was the first money market mutual fund
Is a money market fund the same as a mutual fund?
A money market fund is a mutual fund, but behaves a little different than most fund.
What was the first money market mutual fund?
The first money market mutual fund (MMMF) was created in 1971 and called the Reserve Fund
When was the first money market mutual fund?
The first money market mutual fund (MMMF) was created in 1971 and called the Reserve Fund
What year was the first money market mutual fund?
The first money market mutual fund (MMMF) was created in 1971 and called the Reserve Fund
What is the definition of a no load mutual fund?
A no load mutual fund is a mutual fund that does not charge a commission or sales charge. This means that you don't have to pay a fee to invest or withdraw your money, and all of your money will go to work in the mutual fund. A no load mutual fund means that there is no or very low fee charge for the fund. These are typically lower than loaded mutual funds.
What was the Reserve Fund?
The Reserve Fund was the first money market mutual fund
Are you taxed when you withdraw money from a mutual fund?
Yes you are taxed when withdrawing money from a mutual fund. Your current tax rate would apply.
When you own a mutual fund what exactly do you own?
Mutual fund is a low risk investment. If you invest in a mutual fund, you owns shares of the mutual fund company who is selling you fund. But you do not actually own any underlying asset of the stocks or securities that mutual fund has invested in even they are using your money to invest.
Can banks invest in mutual funds?
They can invest their own income/profits in a mutual fund but they cannot invest the depositors money in a mutual fund
Difference between eqity fund and mutual fund?
Equity is the owners fund and mutual fund is pool money from the investor and invest in securities market. mutual fund has low risk an depends upon market condition.
What what are mutual funds?
Mutual fund is a single pool of money collected from a large number of investors. This money is invested in share, bonds and other securities by AMC. ICICI Prudential Mutual Fund offers mutual fund products that meet the customers needs.
