Client Service Officer Interview Questions and Answers

Mutual fund companies earn money through management fees, sales charges, and performance fees.

• Management fees are charged as a percentage of assets under management (AUM) and are typically around 0.5% to 2% annually.

• Sales charges, also known as loads, are fees paid when buying or selling mutual fund shares. These can be front-end loads, back-end loads, or level loads.

• Performance fees are charged based on the fund's performance relative to a benchmark. If the fund outperforms,...read more

Qualitative data of a company refers to non-numerical information that provides insights into customer preferences, employee satisfaction, and market trends.

• Includes customer feedback and reviews

• Employee opinions and satisfaction surveys

• Market research findings

• Focus group discussions

• Interview transcripts

• Social media sentiment analysis

A mutual fund is a type of investment vehicle consisting of a portfolio of stocks, bonds, or other securities, managed by a professional fund manager.

• Mutual funds pool money from multiple investors to invest in a diversified portfolio of securities.

• Investors buy shares of the mutual fund, which represent a portion of the holdings of the fund.

• Mutual funds are managed by professional portfolio managers who make investment decisions on behalf of the investors.

• They offer diversif...read more