What are special funds?
Special Revenue Funds account for the proceeds of specific revenue sources (other than trusts for individuals, private organizations, or other governments, or for major capital projects) that are restricted or committed to expenditures for specified purposes.
A Special Fund is a type of a Collective Investment Scheme that invests based on the Fund Managers Investment Strategy. A Collective Investment Scheme is a pool of funds from various investors who have a common goal, and in most cases, it is promoted by a fund manager.
The general fund pays for usual and ongoing town expenses; the capital fund is earmarked for large projects, and the rainy day fund is the emergency account for unexpected expenditures. A special revenue fund is established to finance and operate dedicated smaller-scale projects.
The Generally Accepted Accounting Principles (GAAP) basis classification divides funds into three fund categories: governmental, proprietary, and fiduciary.
Special revenue funds are distinguished from enterprise funds in that the user of the governmental service does not pay for the service based on actual use. Conversely, the costs of services provided through an enterprise fund are generally recovered through charges to the users of the services.
Examples of Specific funds in a sentence
Specific funds exempted from legally adopted budgets are all Grant Assistance Fund, all capital projects funds (including capital projects of proprietary funds), the Airport Authority, Golf Course System, Transit and all trust and agency funds.
These funds include sector funds, balanced funds, asset allocation and target date funds. Using these funds, investors can gain access to banking, real estate, chemicals, energy or telecommunications.
Special Revenue Funds account for the proceeds of specific revenue sources, other than major capital projects or expendable trust funds that are legally restricted to expenditures for specific purposes.
Special situations investing aims to make control-oriented debt and equity investments by looking at companies that have an element of distress.
General fund refers to revenues accruing to the state from taxes, fees, interest earnings, and other sources which can be used for the general operation of state government.
Which type of fund is best?
| Scheme Name | Expense Ratio | 5Y Return (Annualized) |
|---|---|---|
| Quant Large and Mid Cap Fund | 0.75% | 26.47% p.a. |
| PGIM India Midcap Opportunities Fund | 0.45% | 26.33% p.a. |
| SBI Contra Fund | 0.67% | 26.18% p.a. |
| Bank of India ELSS Tax Saver Fund | 1.2% | 26.13% p.a. |
- Equity Mutual Funds.
- Fixed Income Mutual Funds.
- Money Market Mutual Funds.
- No Load Mutual Funds.
- Growth Stock Mutual Funds.
- Tax Saving Mutual Funds.
- Index Mutual Funds.
- Gold Mutual Funds.
Bond funds are the most common type of fixed-income mutual funds, where (as the name suggests) investors are paid a fixed amount back on their initial investment.
special revenue funds account for revenues legally restricted for specific purposes and are often classified as either intergovernmental revenue or fees.
Examples of enterprise funds can include utilities (like water, sewer, or electricity services), transportation services, public hospitals, parking garages, and recreational facilities.
Fiduciary Funds account for assets held in a trustee or agent capacity for outside parties, including individuals, private organizations, and other governments.
Mutual funds make money by charging investors a percentage of assets under management and may also charge a sales commission (load) upon fund purchase or redemption. Fund fees, called the expense ratio, can range from close to 0% to more than 2% depending on the fund's operating costs and investment style.
There are two main types of investment funds: mutual funds, and non-redeemable investment funds. Investors in mutual funds are generally able to purchase or redeem securities of mutual funds on demand for a price representing a proportionate interest of the fund's net assets.
When you invest in a fund, your and other investors' money is pooled together. A fund manager then buys, holds and sells investments on your behalf. All funds are made up of a mix of investments – this is what diversifies or spreads your risk.
A mutual fund specializing in the securities of a particular industry or group of industries or special types of securities.
Why are target date funds so popular with retirement investors?
Key Takeaways. Target-date funds provide a simple way to save for retirement. They offer exposure to a variety of markets, active and passive management, and a selection of asset allocation. Despite their simplicity, investors who use target-date funds need to stay on top of asset allocation, fees, and investment risk.
Dollar Fund
Principal investments are Treasury bills, Treasury bonds, Secure commercial papers, High-quality Corporate bonds, and High-quality Fixed and Call deposits denominated in US dollars both in the Kenyan markets and Offshore. It offers capital preservations and returns is in form of monthly interest.
Petty cash is the money that a business or company keeps on hand to make small payments, purchases, and reimbursem*nts.
The CPF Special Account (CPF SA) is meant for retirement savings and investments and hence its usage is limited. You get a higher interest rate in your SA account, and in order to keep your retirement monies safe, only safer investments are allowed to be invested using CPF SA funds.
Special purpose financial statements are prepared for a variety of reasons, including, for example, to satisfy legislative requirements or the entity's constitution, compliance with contracts or agreements, or simply to satisfy the internal information needs of the entity.
