Instead of purchasing mutual fund shares from other investors, investors purchase them directly from the fund or through a broker for the fund.
Investors must also pay any purchase-related costs, such as sales loads, in addition to the mutual fund’s per-share net asset value.
Shares of mutual funds are “redeemable,” which means investors can sell them to the fund at any moment.
- Typically, the fund has seven days to provide you the money.
- Read the prospectus carefully before investing in mutual fund shares.
- Information on the mutual fund’s investing goals, risks, performance, and costs may be found in the prospectus.
Proceed at Online mutual fund investment portal.