An authoritative, must-read guide to making more informed decisions about mutual funds Providing a balance of theory and application, this authoritative book will enable you to evaluate the various performance and risk attributes of mutual funds. It covers a broad range of topics, including understanding the advantages and disadvantages of mutual funds, evaluating stock/bond allocations within fund portfolios, assessing fund diversification risk, measuring fund returns and risk, and making fund buy/sell decisions. While informative chapters combine clear summaries of existing research with practical guidelines for mutual fund analysis, step-by-step decision checklists guide you through the selection of various mutual funds. Puts the risks and rewards of mutual fund investing in perspective Skillfully examines how to select and evaluate the best mutual funds Outlines mutual fund service advantages and disadvantages Discusses the long- and short-term effectiveness of mutual funds Covering major theoretical and management issues in mutual fund analysis and portfolio management, this book is an authoritative guide.
Any mutual fund has an objective of earning income for the investors and getting increased value of their investments. To achieve these objectives mutual funds adopt different strategies and accordingly offer different scheme of investments. On these basis the simplest way to categories schemes would be to group these into two broad classifications. Operational Classification and Portfolio Classification 1. Operational Classification : It highlights the two main types of schemes, i.e. open ended and closed ended which were offered by mutual funds. (i) Open ended Schemes: As the name implies the size of the scheme (fund) is open - i.e. not specified or pre – determined. Entry to the fund is always open to investor who can subscribe at any time. Such funds stand ready to buy or sell its securities at any time. Such funds stand ready to buy or sell its securities at any time. It implies that the capitalization of the funds is constantly charging as investors sell or buy their shares. (ii) Close ended Schemes: Such schemes have a definite period after which their shares / units are redeemed. Unlike open – ended funds, these funds have fixed capitalization, i.e. their corpus normally
The seminal work on mutual funds investing is now a Wiley Investment Classic Certain books have redefined the way we view the world of finance and investing—books that should be on every investor’s shelf. Bogle On Mutual Funds—the definitive work on mutual fund investing by one of finance’s great luminaries—is just such a work, and has been added to the catalog of Wiley’s Investment Classic collection. Updated with a new introduction by expert John Bogle, this comprehensive book provides investors with the wisdom of the pioneer of mutual funds to help you identify and execute the ideal mutual fund investment choices for your portfolio. The former Vanguard Chief Executive, Bogle has long been mutual funds' most outspoken critic; in this classic book, he provides guidance on what you should and shouldn't believe when it comes to mutual funds, along with the story of persistence and perseverance that led to this seminal work. You'll learn the differences between common stock, bond, money market, and balanced funds, and why a passively managed «index» fund is a smarter investment than a fund managed by someone making weighted bets on individual securities, sectors, and the economy. Bogle reveals the truth behind the advertising, the mediocre performance, and selfishness, and highlights the common mistakes many investors make. Consider the risks and rewards of investing in mutual funds Learn how to choose between the four basic types of funds Choose the lower-cost, more reliable investment structure See through misleading advertising, and watch out for pitfalls Take a look into this timeless classic and let Bogle On Mutual Funds show you how to invest in mutual funds the right way, with the expert perspective of an industry leader.
John C. Bogle shares his extensive insights on investing in mutual funds Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way through the staggering array of investment alternatives that are available to them. Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today's turbulent market environment and offers timeless advice in building an investment portfolio. Along the way, Bogle shows you how simplicity and common sense invariably trump costly complexity, and how a low cost, broadly diversified portfolio is virtually assured of outperforming the vast majority of Wall Street professionals over the long-term. Written by respected mutual fund industry legend John C. Bogle Discusses the timeless fundamentals of investing that apply in any type of market Reflects on the structural and regulatory changes in the mutual fund industry Other titles by Bogle: The Little Book of Common Sense Investing and Enough. Securing your financial future has never seemed more difficult, but you'll be a better investor for having read the Second Edition of Common Sense on Mutual Funds.
An industry leader candidly examines the role of investment leadership in portfolio management Investment Leadership & Portfolio Management provides a top down analysis of successful strategies, structures, and actions that create an environment that leads to strong macro investment performance and rewarding investor outcomes. By examining how to manage and lead an investment firm through successful investment decision-making processes and actions, this book reveals what it will take to succeed in a radically changed investment landscape. From firm governance and firm structure-for single capability, multi-capability, and investment and product firms-to culture, strategy, vision, and execution, authors Brian Singer, Barry Mandinach, and Greg Fedorinchik touch upon key topics including the differences between leading and managing; investment philosophy, process, and portfolio construction; communication and transparency; and ethics and integrity. Leadership issues in investment firms are a serious concern, and this book addresses those concerns Details the strong correlation between excellence in investment leadership and excellence in portfolio management Written by a group of experienced professionals in the field, including the Chairman of the CFA Institute Board of Governors Understanding how to operate in today's dynamic investment environment is critical. Investment Leadership & Portfolio Management contains the insights and information needed to make significant strides in this dynamic arena.
The Mutual Fund Business Video Series WORKBOOK for Set no 2 (NTSC format only) – Portfolio Management of Mutual Funds
The Mutual Fund Business VIDEO SERIES Set no 2 (NTSC format only) (3 videos) – Portfolio Management of Mutual Funds
The Indian capital market has witnessed unprecedented developments and innovations particularly recent decades In the changed environment the mutual funds. The study focused on the portfolio diversification and financial performance of selected mutual funds the data consists of annualised Net Asset Value of the selected mutual funds from January 1st, 2000 to December 31st, 2009. Out of the 11 Mutual fund schemes in industry, six mutual fund schemes are identified for the purpose of this study. The criterion for identifying the Schemes is that, the scheme should have at least ten funds that have completed ten years of age. This book is updated version of my doctoral thesis entitled Mutual Funds: A Study on the Performance of Selected Funds submitted to the Andhra University for the degree of Doctor of Philosophy.
Mutual funds in India: a comprehensive review is an outcome of extensive research work carried out by Dr. Bhavinkumar A. Patel. The basic objectives of this book includes (A) In-depth analysis of mutual fund industry in India (B) Performance evaluation of selected growth oriented schemes operating in India by different blue chip companies and (C) Analysis of perception of investors, brokers and fund managers. This book focuses on the real life growth and development of the mutual fund industry in India considering different parameters like Assets Under Management (AUM), fund mobilized, redemption and repurchase of funds, total schemes launched and in operation under different categories, analysis of growth oriented mutual fund schemes by applying well established measures like Sharpe, Treynor, Jensen and Fama's Net Selectivity. Moreover, it also highlight the perception of investing community and mutual fund professionals. This book would surely provide strong platform to students and professors of finance, mutual fund research scholars, practicing mutual fund professionals and investing community at large.
Position your portfolio for growth with one of America's bestselling mutual fund books Are you looking for a trusted resource to help you add mutual funds to your investment strategy? With straightforward advice and a plethora of specific, up-to-date mutual fund recommendations, personal finance expert Eric Tyson helps you avoid fund-investing pitfalls and maximize your chances of success. Newly revised and updated, Mutual Funds For Dummies quickly and easily helps you pick the best funds, assemble and maintain your portfolio, and evaluate your funds' performance. In no time, it gets you up and running on exchange-traded funds, tax laws affecting investments in funds, how to evaluate different fund-investing strategies, and much more. Plan and implement a successful investment strategy that includes mutual funds Avoid fund-investing pitfalls Find the best-managed funds that match your financial goals Select among mutual funds, exchange-traded funds, and other investing options Complemented with sample fund portfolios and updated forms that show you exactly how to accomplish your financial goals, this is your trusted resource for planning and implementing a successful investment strategy that includes mutual funds.
A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciation realised are shared by its unit holders in proportion to the number of units owned by them. Thus a Mutual Fund is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost. Mutual Funds have played an important role in the growth of Indian Economy especially in Post Liberalization era (1991 onwards). Many ups and downs have been seen in the market since then. The book is a compilation of the ideas, thoughts and experiences of Mutual Funds in the Indian Economy and gives the glimpse of the Analysis and Performace in the selected Mutual funds. The book also help the researchers to frame the research plan on the strong fundamentals of Mutual Fund industry in future.
Book DescriptionAs individuals are becoming more and more responsible for ensuring their own financial future, portfolio or fund management has taken on an increasingly important role in banks' ranges of offerings to their clients. In addition, as interest rates have come down and the stock market has gone up and come down again, clients have a choice of leaving their saving in deposit accounts, or putting those savings in unit trusts or investment portfolios which invest in equities and/or bonds. Individuals are becoming aware that they might need to top up government pension allocations. Likewise, corporations who run employee pension schemes have to ensure that they are able to cover their current and future liabilities. Investing in unit trusts or mutual funds is one way for individuals and corporations alike to potentially enhance the returns on their savings.Introduction to Portfolio Management covers the:*Theoretical underpinnings of portfolio management*Basics of portfolio construction*Constraints to be considered when building a client portfolio*Types of analysis used for asset allocation and stock selection*Main types of funds available to investors*Inspired from the basic entry level training courses that have been developed by major international banks worldwide.*Will enable MSc Finance students, MBA students and those already in the finance profession to gain an understanding of the basic information and principles underlying the topic underdiscussion*Questions with answers, study topics, practical "real world" examples and text with an extensive bibliography and references ensure learning outcomes can be immediately applied
Investment condition in Indonesia gets better year by year. One of the most interested instruments in Indonesia is mutual funds, mostly conventional mutual funds. Investor put their money in a mutual funds with an expectation to get a maximum return. However, a mutual funds does not always perform well for every time frame. There is an economics or macro condition that affects the time frame of investment activities in one country. To figure out the macro circumstance in a country, it can be seen from the business cycle pattern. Authors use an average return data from mutual funds index in Indonesia to cover all mutual funds for each category; equity, balance, and fixed income. Then, all the data will be divided based on the business cycle phase to be analyzed. Finally, from those analysis will be made an optimal portfolio for each phase as the strategy. Authors find out that equity mutual funds is better both on expansion phase and proportional weight of equity and fixed-income funds is better for recession phase.
The Mutual fund industry is growing at a tremendous pace. A large number of plans have come up from different financial resources. With the Stock markets soaring the investors are attracted towards these schemes. Large segment of the investors are investing in Mutual funds and the main sources of information are the financial advisors followed by advertisements in different media. The Indian investor generally invests over a period of 2 to three years. Also there is a greater tendency to invest in fixed deposits due to the security attached with it.In order to excel and make mutual funds a success, companies still need to create awareness and understand the Psyche of the Indian customer.Mutual funds bring together a group of people and invest their money stocks, bonds and other securities. The advantages of mutual funds are presence of professionals, diversified portfolio, economies of scale, transparency, liquidity.