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How accumulated fund is calculated?
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How do you calculate aum for a mutual fund?
AUM stands for Assets Under Management. This is the net value of money that is currently being managed by the mutual fund house. It is a product of the no. Of units outstanding in the mutual fund and the net asset value. Let us say the NAV of a mutual fund is Rs. 20/- and there are 50000 units of the mutual fund sold till date, the net Assets Under Management would be Rs. 10 lakhs. Alternately, the AUM can be considered as the total value of all investments at the end of a trading day that is held by a mutual fund house. It will be the value of all the individual shares held by the company + any cash components held in their accounts.
A teacher deposited 3000 in a retirement fund If she didnt add any more money to the fund which earns an annual interest rate of 6 percent how much money would she have in 1 year?
180
Only 15 percent of American workers have one of these?
IRA - Retirement Fund
What does the acronym WMF stand for?
Many cronyms can stand for multiple things and WMF is one of them. WMF could stand for the World Monetary Fund, World Monuments Fund or even something as silly as Waggling My Finger. That's the fun thing about acronyms!
