When did mutual funds first start in India?

Answer Mutual funds started as an industry in India in 1963 when the Unit Trust of India was created. The UTI was established by an Act of Parliament and set up by the Reserve Bank in India. Unit Scheme 1... Read More »

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When do purchased mutual funds execute?

Mutual funds can be purchased during regular stock market trading hours, 9:30 a.m. until 4:00 p.m. weekdays, but they are not executed until after the close. Mutual funds are priced at the end of t... Read More »

How old are children when they first start working in India?

In October of 2006, India's government ordered a ban on the employment of children under the age of 14 as domestic servants or servants in dhabas (roadside eateries), restaraunts, hotels, motels, t... Read More »

When do mutual funds provide for their year-end withdrawals?

Shareholders can withdraw mutual fund shares at any time. However, most mutual fund companies typically make capital gains distributions in December, before the end of the year. This prevents taxat... Read More »

Are index funds better than mutual funds?

On One Hand: Index Funds have Lower Fees.Index funds are a type of mutual fund that measures the total value of a group of stocks. Generally index funds resemble the fluctuations of the entire mark... Read More »