How to Read Mutual Fund Fact Sheet?
When you want to invest in Mutual Fund Schemes with any fund house, it’s important to know as much as possible about the fund house, about the schemes, about the fund manager who will be investing your money, etc. Factsheet entails these and many such details desired by the investor or advisor. One should know how to read mutual fund fact sheets & understand mutual fact sheet.
Hence, factsheet information is very important. Understanding the mutual fund fact sheet is not only important before making an investment, but existing investors should also read to get updated information on their investments.
AMFI or the Association of Mutual funds in India, has urged the fund houses to bring uniformity in the factsheet. Hence effective from October 2015, mutual fund factsheets will have following information mentioned and explained below.
Fund Manager
An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.
Application Amount for Fresh Subscription
This is the minimum investment amount for a new investor in a mutual fund scheme.
Minimum Additional Amount
This is the minimum investment amount for an existing investor in a mutual fund scheme.
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This post is written by Madhupam Krishna and first published on TheWealthWisher Blog on 19/11//2019.
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