How Does Mutual Fund Work. A Simplified Version

Then in line with your profession there are state and central laws that you need to be aware with the provisions at. Consult your lawyer for this.

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For managing funds in your part they charge annual fund management fees The fund management fee varies from 1% to 2.5% every year. The management fee is directly charged from your investments. The management fees covers all above of the asset management company including salaries, office rent and maintenance, advertisement, distribution, servicing etc. They'll charge fund management fees irrespective of whether the scheme makes money not really.

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