What happens to my mutual fund shares if the mutual fund company goes bankrupt?
September 11, 2009 by admin
Filed under Questions and Answers
AxelBoldt asked:
I have my money invested in several mutual funds with a large mutual fund company. What happens if said mutual fund company goes bankrupt, maybe after fraud or an accounting scandal? Is my money insured in any way, or is it gone?
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I have my money invested in several mutual funds with a large mutual fund company. What happens if said mutual fund company goes bankrupt, maybe after fraud or an accounting scandal? Is my money insured in any way, or is it gone?
Website content
Bill on Sun, 13th Sep 2009 3:59 pm
It’s like stock. You’re toast.
Simon on Mon, 14th Sep 2009 8:06 am
you lose it.
sathish on Thu, 17th Sep 2009 5:06 pm
you will have money after settling to all like workers,banks etc….
most probably ur the loser….
chamberportal on Sun, 20th Sep 2009 3:34 am
is very hard let a mutual fund company bankrupt, unless there more than 60% unsuccessful investment.
have you read the policy?
it should be in there. my mutual fund is not responsible the lost.
if a mutual fund is bankrupt, you lost what you invest in.
i believe there is nothing getting back!!!
antoants on Wed, 23rd Sep 2009 6:32 pm
that’s why they say
it’s subjected to market risks…
read the offer doc carefully….
invest in ppf man..