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Terms |
Description |
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Entry Load |
It is the load charged by the fund when one invests into the fund. It increases the price of the units to more than the NAV and is expressed as a percentage of NAV. |
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Equity Linked Savings Scheme |
A special product offered by mutual funds. These schemes invest in equity i.e shares and generally have a lock-in period of three years. The basic features of ELSS schemes are: Tax rebate of 20% under section 88 of the Income Tax Act on an (maximum) investment of Rs.10,000/- |
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Equity Schemes |
Schemes where more than 50% of the investments are done in equity shares of various companies. |
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Ex-Bonus NAV |
The NAV declared post record date in case of a bonus issue is the ex-bonus NAV. |
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Ex-Dividend Date |
It is the effective date of a dividend distribution. When the dividend is paid, the NAV of the fund drops by the amount of the dividend. |
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Ex-Dividend NAV |
The NAV declared post record date is the ex-dividend NAV. |
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Exit Load |
It is the load charged by the fund when oneredeems the units from the fund. It reduces the price of the units to less than the NAV and is expressed as a percentage of NAV. |
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Expense Ratio |
The Expenses of a mutual fund include management fees and all the fees associated with the fund's daily operations. Expense Ratio refers to the annual percentage of fund's assets that is paid out in expenses. |