Mutual Funds are professionally managed investment scheme, in which fund managers manage the investment made by the investors. A mutual fund is administered under an advisory contract with a management company, which gives full detail about the schemes going on currently. Mutual funds are subject to a special set of regulatory, accounting, and tax rules. These may be shares in very small or bankrupt companies or they may be private investments in unregistered financial instruments.
Mutual Funds are of two types open-ended and closed-ended. An Open-ended Mutual Fund is one that is available for subscription and repurchase in continuous manner. These Mutual Funds do not have a fixed maturity period. Whereas, Close-ended Mutual Funds have wide period for getting matured about 5-7 years. The fund is open for subscription only during a specified period at the time of launch of the scheme.
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November 22nd, 2008 | Posted in Investment | No Comments
Banking is sector in which the investment is done in Private Banks and also in the Government Banks. It is an easy way of making individual’s money secure from any robbery or criminal activities.
Banking can be a of many types:-
- Retail banking - it covers financial services given by high-street banks for customers.
- Investment banking - covers special financial services and advice to industrial, commercial and government clients.
- Private banking - banks offering services to high profile individuals (who are wealthy).
- Insurance broking - checks client needs and negotiates the best deal with insurance companies.
- Life assurance - life insurance given by Banks for making individuals life secured.
November 22nd, 2008 | Posted in Investment | No Comments
Investment is the individual choice to invest his earnings or savings in the hope of gain in future. Managing investment is the professional management of shares, bonds etc. and other assets to meet the investment of the investors. You can manage your investment in bank is generally divided into separate groups, often known as Private Wealth Management and Private Client Services.
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November 22nd, 2008 | Posted in Investment | No Comments
Accounting solutions are critical for almost any small or startup business. Balance sheets, budgeting and forecasting, and creating useful cash flow analysis are main aspects of Accounting. The main purpose of accounting is to prepare financial reports that provide information about a firm’s performance to external parties such as investors, creditors, and tax authorities. Formal record that represents, in words, money or other unit of measurement, certain resources, claims to such resources, transactions or other events that result in changes to those resources and claims. Read the rest of this entry »
November 19th, 2008 | Posted in Accounting | No Comments