BMC Junior Clerk Recruitment General merit List part-2
- Bhavnagar Municipal Corporation
- RECRUITEMENT OF THE POST OF Junior Clerk (class-3)
- Advertisement No. BMC/201920/5
- Marks of the Written Exam held on Dt.-15/12/2019, SUNDAY
Investment expertise: Mutual funds are managed by professional fund managers who have the desired qualification, expertise and experience in picking the right stocks or other instruments to get the best risk adjusted returns.
Economies of scale in transaction costs: Since mutual funds buy and sell securities in large volumes transaction costs on a per unit basis is much lower than what retail investors may incur if they buy or sell shares through stock brokers.
Variety of products: Mutual funds offer investors a variety of products to suit their risk profiles and investment objectives. Apart from equity funds, there are hybrid funds, debt funds, liquid funds and tax savings schemes etc. to suit different investment requirements.
There are two types of mutual funds:
Actively Managed Funds. With actively managed funds, professional money managers handpick investments according to the particular mutual fund’s objectives. These objectives vary widely, but could be investing overseas in small start-ups, focusing on a particular industry (such as oil), or diversifying between large-cap stocks and bonds.
Index Funds. Index funds, on the other hand, are not actively managed, as they simply seek to replicate holdings in an index like the S&P 500.
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