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Is a party whose business activities are to manage Securities Portfolios for their customers or manage collective investment portfolios for a group of customers, except for insurance companies, pension funds, and banks which carry out their own business activities based on the prevailing laws and regulations.
Mutual Fund is a forum used to raise funds from the investor community to be invested in the Securities Portfolio by the Investment Manager. In accordance with the Law on Capital Market, Mutual Funds can take the following forms:
In this case, the legal form of Mutual Funds is Collective Investment Contract.
NAV is the fair market value of a Securities and other assets of a Mutual Fund minus all its liabilities. Mutual Fund NAV is calculated and announced every Exchange Day.
Money Market Funds, Protected Mutual Funds, Fixed Income Funds, Mixed Mutual Funds, Equity Mutual Funds