December 01, 2008
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What is Wrap Account?
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At its most basic is an alternative form of commission arrangement between a securities firm and its client. Wrap accounts generally charge the client an annual fee based on assets in the account in lieu of a per transaction commission structure. In other words, the firm "wraps" together all the costs and charges them off as a "management fee". Firms often add further features to wrap accounts such as investment management, custodial services, and enhanced reporting.
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Mutual fund schemes may be classified on the basis of their structure and their investment objective

By Structure- there are two types

Open-ended Funds -An Open-ended Fund is one that is available for subscription all through the year. These do not have a fixed maturity. Investors can conveniently buy and sell units at Net Asset Value (NAV) related prices.

Close-ended Funds -A Close-ended Fund has a stipulated maturity period, which generally ranges from 3 to 15 years. The fund is open for subscription only during a specified period. Investors can invest in the scheme at the time of the initial public issue and thereafter they can buy or sell the units of the scheme on the Stock Exchanges, if they are listed. The market price at the stock exchange could vary from the scheme's NAV on account of demand and supply situation, unit holders' expectations and other market factors.

 

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Friday, September 28, 2007
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structured, investment, mutual fund, Open-ended Funds, Close-ended Funds, NAV, maturity period, Investors
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Comments (2) :
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s,RAJ SHE KHEAR
Saturday, June 07, 2008 6:50 AM
WHET ARE BIFFOJHHYU BVGF HYERDGHU                         HU                                       JGFRAW
2.
s,RAJ SHE KHEAR
Saturday, June 07, 2008 6:42 AM
CIOSE-ENBEBFUNSB -A CIOSE FUNU HSA A STPULATEBMATURITY
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7,4 & 8,2 Area 6
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Wednesday, May 14, 2008
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puzzle
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Data Encoder
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Specify display characteristics, such page sizes, margins, and font heights and widths, as well as the flow objects on each page. Information fills in one area of a page and then automatically flows to the next object when that area fills up. That allows you to wrap text around pictures, for example, or to continue a newsletter article on a different page (XSL-FO).
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Tuesday, May 13, 2008
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Web Services, Remoting
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A schema that classifies and identifies commodities. It is used in sell-side and buy-side catalogs and as a standardized account code in analyzing expenditure.
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Tuesday, May 13, 2008
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J2EE
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An online payment gateway is the interface between your merchant account and your Web site. The online payment gateway allows you to immediately verify credit card transactions and authorize funds on a customer's credit card directly from your Web site. It then passes the transaction off to your merchant bank for processing, commonly referred to as transaction batching
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Sunday, May 11, 2008
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PHP
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Dual attachment station. Device attached to both the primary and the secondary FDDI rings. Dual attachment provides redundancy for the FDDI ring: if the primary ring fails, the station can wrap the primary ring to the secondary ring, isolating the failure and retaining ring integrity. Also known as a Class A station. Compare with SAS.
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CISCO, CCNA
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