|
Stocks |
Equity Mutual Fund |
Pricing |
Per share price |
Per NAVPS, a consolidated valuation of all company shares in the fund |
Exposure |
Single company |
Multiple companies |
Buying/Selling of Shares |
Subject to board lots and available shares |
Subject to minimum amount but no maximum limit |
Research |
Done by the investor |
Done by professional research teams |
Friction cost |
Brokers’ fees and taxes to be deducted from proceeds |
None. All fees and taxes already incorporated in the NAVPS |
Liquidity |
PSE-listed but subject to willing buyers and sellers |
Can be bought or redeemed anytime based on prevailing price |