Mutual fund company definition

Mutual fund company means an investment company or trust regulated by the federal "Investment Company Act of 1940," 15 U.S.C.s. 80a-1 et seq.
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Mutual fund company means a fund under which the property is held for the participants by a mutual fund company within the meaning of section 156A of the Companies Act 1981;
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Mutual fund company means an open-end and close-end investment company as defined under the Investment Company Act.
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Examples of Mutual fund company in a sentence

  • The collected fund (Asset under Management i.e. AUM) is then invested by Fund Manager appointed by Mutual fund company.

  • Mutual fund company distributes its capital gains each year and these are taxed as short-term gains which has the same rate with ordinary income or long-term gains which is taxed lower depend on how long the fund held the securities.

  • Mutual fund company market timing police are careful to initially inform the wholesaler of the client of any market timing warnings or terminations prior to contacting the registered representative so as not to lose or damage the relationship.

  • Mutual fund company wholesalers are those employees whose job it is to sell the mutual fund to institutions and brokers.

  • Mutual fund company officials are describing the arrangements as satisfactory, although these rule out the setting up of funds exclusively based on derivatives.

  • Mutual fund company receives a dividend of Rs.25,00,000 on its investments in other company’s shares.

Related to Mutual fund company

  • Pooled fund group means an internally created fund of a district in which one or more institutional accounts of a district are in- vested.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Nonprofit organization means a university or other institution of higher education or an organization of the type described in section 501(c)(3) of the Internal Revenue Code of 1954 (26 U.S.C. 501(c) and exempt from taxation under section 501(a) of the Internal Revenue Code (25 U.S.C. 501(a)) or any nonprofit scientific or educational organization qualified under a state nonprofit organization statute.