Investing In Mutual Funds
How to invest in mutual fund normally ?
Mutual Fund is investment options wherein the money from several investors is pooled in by an Asset Management Company (AMC) and invested in different instruments such as debt, equity, securities and money market. The resulting profit, after deductions by the AMC, are divided among the investors as per their portfolios. Mutual funds are regulated by the Association of Mutual Funds in India (AMFI).
Costs associated with investing in mutual funds
The fund value is calculated as per the Net Asset Value (NAV), which is the net of expenses on every unit of the fund. This is calculated after every business day by the AMC. AMCs will charge you an annual fee, which covers their salaries, brokerage, advertising and administrative expenses. As a thumb rule, the larger the fund size, the less will be the annual fee. AMCs may also charge loads, which are basically sales charges incurred by the company in the form of distribution costs. If you are unfamiliar with associated charges, you might get into a position where the profits from your investment are reduced considerably due to overhead expenses. So, it's a good habit to read the fine print for details on expenses and fees related to a mutual fund.
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