AMFI Exam series -12

Several special programs have been developed which make investing with mutual funds easy and convenient.This chapter contains the following topics:Purchase and Redemption ProgramsWrap ProgramsMerrill Lynch Discretionary Wrap ProgramsMerrill Lynch Non-Discretionary Wrap ProgramsAutomatic Investment Programs (known as AIPs) are programs in which a predetermined amount is debited from a client account monthly, and used to purchase shares in one or more mutual funds. These types of purchases are often exempt from standard fund minimum purchase amounts…

Chronic Obstructive Pulmonary Disease

Chronic obstructive pulmonary disease (COPD) is characterized by progressive airflow obstruction and affects approximately 15 million people in the United States. COPD is associated with a high degree of morbidity and mortality, ranking as the fourth leading cause of death and third leading cause of hospitalization in the U.S Chronic obstructive pulmonary disease (COPD) is a term referring to two lung diseases, chronic bronchitis and emphysema, that are characterized by obstruction to airflow that interferes with normal breathing. Both of these…

AMFI EXAM tips series 11

This chapter contains the following topics:The National Securities Clearing CorporationTradingPricingMoney MovementsTrade CorrectionsThe National Securities Clearing Corporation (NSCC) is the nation’s largest registered securities clearing corporation, and offers their services to brokerage firms, dealers, banks, and mutual fund distributors throughout the United States and Canada. Similarly in india we have NSDL and CDSL Pricing a mutual fund is a daily process performed by the fund accounting agent for each fund. Pricing consists of establishing…

AMFI Exam Tips - Series-10

This chapter examines the various types of fees shareholders pay and contains the following topicsNon-Financial TransactionsFinancial TransactionsPurchasesLiquidationsExchangesTransfersMost non-financial transactions are requests for changes to some aspect of an account. Following are some of the most commonly changed features:· Name· Address· Financial consultant· Account registration· Letter of intent· Reinvestment optionsvarious automatic purchase and/or liquidation featuresAs transfer agent…

AMFI Exam Tips series -9

This chapter examines the various types of fees shareholders pay and contains the following topicsTypes of FeesSales LoadsFront Load12b-1 FeesLevel LoadSide Load FeatureRedemption FeeShare ClassesOther FeesThere are two categories of fees which shareholders pay:shareholder transaction fees operating expensesShareholder transaction fees are those costs which the investor pays directly. These include:· Sales charges (loads)· Purchase and redemption fees fees for special privileges.Operating expenses are those costs that are paid by the fund, and…

AMFI Exam Tips Series-8

This chapter explains the process mutual funds use to distribute earnings to shareholders.Dividend ConceptsPeriodic Dividend Funds Daily Dividend FundsMoney Market FundsCapital GainsReinvestmentImpact on NAVMutual fund dividends are distributions to shareholders of income earned by a fund’s portfolio, net of the operating expenses of the fund. This income is derived from two sources:· dividends paid to the portfolio by stocks held in the portfolio, andinterest paid to the portfolio by bonds held in the portfolio A dividend rate is the…

Mesothelioma

Hello every one !!!!!I got this intersteding topic so thought of sharing with every one about "Mesothelioma"Mesothelioma is a form of cancer that is almost always caused by previous exposure to asbestos. In this disease, malignant cells develop in the mesothelium, a protective lining that covers most of the body's internal organs. Its most common site is the pleura (outer lining of the lungs and chest cavity), but it may also occur in the peritoneum (the lining of the abdominal cavity) or the pericardium (a sac that surrounds the heart).Most people…

AMFI Exam Tips series -7

This chapter examines the mutual fund world from the shareholder perspective.In the final series i will be sharing objective type question papers which will give all aspirants fair idea about the question pattern.Mutual Fund ShareholdersShareholdersThe ProspectusFinancial ReportsTypes of AccountsShareholder votingCertain shareholder issues are decided based on votes by all of the outstanding shares. Some of the issues shareholders vote on are:· filling vacancies on the board of directors· proposed changes in the investment advisory…