My father has an investment made long back and the folio number is TQ0125942 in the name of Sri. K. Kuppusamy. I would like to redeem this now. Can you help how I should do this now
A mutual fund is a professionally managed mutual fund that accumulates money from many investors to buy securities. Mutual funds have advantages and disadvantages compared to direct investment in individual securities. The main advantages of mutual funds are that they provide a greater level of diversification, provide liquidity and are managed by professional investors. On the downside, investors in a mutual fund must pay various fees and expenses. It is still unclear whether mutual fund management can reliably generate an increase in investment returns that exceed these rates and expenditures.
The primary structures of mutual funds include open-end funds, unit trust trusts and closed-end funds. Exchange traded funds (ETFs) are open funds or unit trust trusts that are traded in an exchange market. Mutual funds are also classified by their major investments as money market funds, bonds or fixed income funds, equities or equity funds, hybrid funds or others. Funds can also be classified as indexed funds, which are passively managed funds that coincide with the performance of an index, or actively managed funds. Hedge funds are not mutual funds; hedge funds can not be sold to the general public and are subject to different government regulations.