voluntary accumulation plan(redirected from Voluntary Accumulation Plans)
Voluntary accumulation plan
Voluntary Accumulation Plan
An investment strategy in which shareholders of a mutual fund to buy more and more shares in the fund on a regular basis. It especially refers to situations in which a shareholder puts in a fixed amount of money on a regular basis, regardless of how many shares that amount buys. Generally speaking, this lowers the average price one pays per share. Thus, if one buys using a voluntary accumulation plan and later sells all shares at once, this could result in a higher profit. It is also called a contractual plan.
voluntary accumulation plan
A plan to acquire additional shares in a mutual fund on a more or less regular basis, at the discretion of the shareholder.