Mutual Fund

When will I get statement of account after investing in Mutual Fund Scheme ?

Mutual funds are required to despatch certificates or statements of accounts within six weeks from the date of closure of the initial subscription of the scheme. In case of close-ended schemes, the investors would get either a demat account statement or unit certificates as these are traded in the stock exchanges. In case of open-ended […]

Mutual Fund

How is a mutual fund set up?

The process of forming a Mutual Fund companies is little complex as a mutual fund is set up in the form of a trust, which has sponsor, trustees, asset management company (AMC) and custodian. The trust is established by a sponsor or more than one sponsor who is like promoter of a company. The trustees […]