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Module Units
- 1. Introduction: Mutual Funds
- 2. How Does a Mutual Fund Investment Work?
- 3. Different Types of Mutual Fund Schemes
- 4. Open-ended and close-ended Mutual Funds
- 5. Advantages of Mutual Funds
- 6. Mutual Fund Structure and Constituents
- 7. Concept of AUM
- 8. New Fund Offer (NFO)
- 9. What is an Offer Document?
- 10. Concept of Benchmark
- 11. What is NAV?
- 12. Risks Associated with Mutual Fund Investing
- 13. Beta and Sharpe Ratio - A Measure of Risk
- 14. Measuring Mutual Fund Returns
- 15. Concept of Rolling Returns
- 16. Capital Gains Tax
- 17. Direct and Regular Mutual Fund Plans
- 18. Equity Mutual Fund
- 19. Debt Mutual Funds
- 20. Hybrid Mutual Funds
- 21. Exchange-Traded Funds
- 22. Arbitrage Mutual Funds
- 23. Systematic Investment Plans (SIP)
- 24. Systematic Transfer Plans (STP)
- 25. Systematic Withdrawal Plans (SWP)
- 26. Understanding Your Financial Goals
- 27. How to Set-up and Achieve Your Financial Goal?
- 28. How to Choose the Correct Mutual Fund? Aligning Your Goals to Various Types of Mutual Funds
- 29. How to Evaluate a Mutual Fund Scheme Performance? – Equity
- 30. How to Evaluate a Mutual Fund Scheme Performance – Debt
- 31. How to Evaluate a Mutual Fund Scheme Performance? – Hybrid Funds
- 32. How Can You Invest in Mutual Funds?
- 33. Statement of Accounts (SOA)
Statement of Accounts (SOA)
Last but not least, after you have invested in various mutual funds or you may have ongoing SIPs. It is important to keep track of your investments. This is where Statement of Accounts (SOA) comes handy.
What is an SOA?
Mutual Fund Statement of Account (SOA) or Consolidated Account Summary lists all the updated details of your investment and your profile details too.
An investor should check-
1. Name and address
2. Email ID, contact nos
3. Bank details like account no and RTGS no.
4. Nominee mentioned or not
5. Cost of Investment
6. Number of Units bought, sold and balance
7. Total amount invested
8. Current Market Value of Investment based on NAV
9. Time period to maturity (if close-ended fund)
Conclusion:
Throughout this module, we have discussed several aspects of mutual funds. This module provided a complete guide on how to invest in mutual funds. Besides, there are many other modules in ELM School which you can explore in your journey towards financial literacy.
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