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Meaning / Definition of

Proprietary Fund

Categories: Mutual Funds,

Proprietary mutual funds are offered for sale by the financial institution - such as a bank, investment company, or brokerage firm - that sponsors the funds. characteristically, the funds' names include the name of the institution. For example, a hypothetical bank called Last Bank might offer a Last Bank growth fund or a Last Bank capital appreciation fund. Some institutions market only their proprietary funds, while others offer both their own funds and funds sponsored by others.

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