Basically, transactions in mutual funds are very easy. We just need to find the appropriate mutual fund products, choose the investment manager, read the prospectus, then make a subscription and transfer the funds. We can also buy directly through the investment manager or buy it through an appointed agent (bank). we come to a mutual fund seller, open a mutual fund account, fill out a form, prepare a photocopy of identity, and of course prepare the funds to be invested to buy a mutual fund unit.
As proof of ownership of the unit, we will get a mutual fund certificate of the number of units we buy. There are two types of mutual fund participation units. First, the mutual fund participation unit that can be resold to the investment manager is called an open-end mutual fund. Some mutual funds in the country are in the form of open mutual funds. the opposite is a closed end mutual fund, which is a mutual fund that can only be sold to other investors through the secondary market.
Investment managers are an important element in mutual fund transactions. because when we buy mutual fund participation units, we entrust the management of these funds … Read More