This happens because the fund is a separate legal form. The establishment conducted by investment managers and banks based on notarial deed and shall have a bookkeeping and the number of taxpayers subject.
In the event of bankruptcy, you will receive back the funds deposited in the banks of the payment by the Deposit Insurance Corporation up to a certain value or liquidation of assets.
While the mutual fund, if the investment manager or bank is declared bankrupt, mutual fund investors will receive back their investment funds in accordance with the net asset value / last unit.
Alternatively, the management or administration of mutual funds is transferred to the investment manager or other bank approved by the Capital Market Supervisory Agency and Financial Institution.
Another difference, at the time you save in the bank, the fund will be managed by a bank to bank can pay the promised interest rate. Management of the funds was submitted to the policy of each bank.
When a bank incurs losses in managing these funds, you will not participate at a disadvantage, and still earn interest as promised. Similarly, if the banks get a huge profit, you will not get anything other than the promised interest rate.
The condition is different when you Investing In Mutual Funds. You as the owner of the funds "can help determine" how you managed investment funds. How, by the choice of mutual funds in accordance with your wishes. Is that money market mutual funds, fixed income, mixed, stocks, or protected.
Each of these types of mutual funds has the characteristics of the results and risks vary.
Furthermore, if the investments manager is able to manage your funds properly in accordance with the investment policies contained in the prospectus and produce high yield, the result is yours.
However, if you find that mutual funds suffered losses, you also have to bear the risk of such losses. ( Let's To The Bank )
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