Mutual Funds

Mutual Funds @ JK Insurance

Open-end funds

Open-end mutual funds must be willing to buy back their shares from their investors at the end of every business day at the net asset value (NAV) computed that day.

Closed-end Funds

Closed-end funds generally issue shares to the public only once, when they are created through an initial public offering. Their shares are then listed for trading on a stock exchange.

Exchange-traded funds

A relatively recent innovation, exchange-traded funds (ETFs) are structured as open-end investment companies or UITs. ETFs are part of a larger category of investment vehicles known as "exchange-traded products" (ETPs).

Money market funds

Money market funds invest in money market instruments, which are fixed income securities with a very short time to maturity and high credit quality. Investors often use money market funds as a substitute for bank savings accounts, though money market funds are not insured by the government, unlike bank savings accounts.

Bond funds

Bond funds invest in fixed income or debt securities. Bond funds can be sub-classified according to the specific types of bonds owned (such as high-yield or junk bonds, investment-grade corporate bonds, government bonds or municipal bonds) and by the maturity of the bonds held (short-, intermediate- or long-term).

Stock funds

Stock or equity funds invest in common stocks which represent an ownership share (or equity) in corporations. Stock funds may invest in primarily U.S. securities (domestic or U.S. funds), in both U.S. and foreign securities (global or world funds), or primarily foreign securities (international funds).

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