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wealth management

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Issue:

Business

 

Written by:

Daniel T

 

Date added:

March 28, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

12 / 3172

 

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2025 times

 

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Essay content:

It is generally accepted that by spreading you investment you are spreading your risk, therefore investing in mutual funds is considered to be low risk than direct investment. When you invest in mutual funds you do not own the underlying investments but have a claim to a number of units in the fund representing the size of your investment...
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the value of each unit of the mutual fund scheme, calculated based on the market value of the underlying investments after deducting expenses and liabilities, is referred to as the ‘net asset Value’ or NAV. The first time a mutual fund scheme is available for purchase is referred to as New Fund Offering or NFO...
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