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How is investment in mutual fund is different from the bank deposit?
Chowksir
When you deposit money with the bank, the bank promises to pay you a certain rate of interest for the period you specify.On the date of maturity the bank is supposed to return the principle amount.Whereas in mutual fund,the money you invest,is in turn invested by the manager.Mutual funds offers better returns as compared to a fixed deposits.
Wiki User
∙ 7y ago
Wiki User
∙ 11y agoWhen you deposit money with the bank, the bank promises to pay you the interest for the period you specificed .On the date of maturity the bank is supposed to return the principle amount and interest to you, mutual funds offers better returns as compared to the fixed deposits.So it is advisable to invest in the well known funds so that you will not loose from your investment.All of the necessary information is available in the website Reliance mutual fund, ICICI, HDFC.
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What five services that a bank supply?
banks accept deposits,grant loans,sell insurance products,sell investment products like mutual funds and provide safe deposit lockers and vaults.
What is the objective Systematic investment Plans?
A Systematic Investment Plan is nothing but a regular commitment from an investor wherein the investor agrees to invest a predetermined amount of money regularly (Usually every month) for a predetermined period (Usually 1 year or more). Simply speaking, a Mutual Fund SIP is like a Bank Recurring Deposit with a difference that, the Mutual Fund will invest in the stock market while the Bank does not do so.
Is an investment bank an actual bank?
The answer is May be. An investment bank may or may not provide retail banking services like checking accounts, credit cards etc. Their area of expertise is investment services, mutual funds, underwriting services etc.
Who can help you invest in mutual funds?
Contact your local investment advisor in your bank. He/She would be able to guide you with the investment options in mutual funds. You may require some documents like PAN card, Address proof, Identity proof and also money in your bank account to conclude the purchase of the mutual funds.
How is investment bank different from a commercial bank?
an investment bank is a non depository institution, and a commercial bank takes customers' deposits.
Is CD investment risky?
No. CD stands for Certificate of Deposit which is a certificate issued by a bank after they accept the deposit from you. No matter what happens, this money will be returned to you on the date of maturity/completion of this deposit.
What informative websites can tell me what mutual funds investments are?
Mutual funds are best sought through your bank or bank website. You will find out the different types of mutual funds, the different levels of risk and whether you want them at all.
What services are offered by Charter Bank?
Charter bank is a full service bank that offers personal banking and also banking for business. They offer several different types of deposit accounts, loans, online banking and a range of financial planning and investment services.
What kinds of services does Sun Bank offer?
Sun bank offers services like deposit acceptance, loan granting, selling investment products, selling insurance products, and providing safe deposit lockers.
How do you write a letter to redeem your mutual fund?
To, The Manager ______________ From, ____________ ____________ ____________ Sir, Sub: Reg. Redemption of Mutual fund investment with folio number _________________ I would like to redeem my mutual fund investment with the fund _________________________________ with folio number _________________ as on today ________________ Kindly process the redemption request and credit the money into my bank account whose details are below: Bank Name: ________________ Acc Num: _________________ Branch: _________________ Thank you, __________________
What are Negotiable Instruments of Deposit?
It is a negotiable bearer receipt issued by an approved Commercial or Investment Bank as evidence of a deposit placed with it for a fixed tenor at a specified fixed rate if interest.
What are the different types of bank account in world?
Some different types of bank accounts available are:Savings accountChecking accountFixed Deposit accountRecurring Deposit accountMoney market accountLoan Accountetc
