|
Terms |
Description |
|
Gilts/Government Securities |
Securities created and issued by the Central Government and/or a State Government, and may include securities unconditionally guaranteed by the Government |
|
Global Funds |
Mutual funds that invest in stocks of companies from all over the world |
|
Government Securities |
These are medium to long term obligations issued by RBI on behalf of Government of India and various state governments. The RBI decides the cut-off coupon on the basis of the bids received. These securities are issued by auction process. On certain issues |
|
Gilt funds |
Funds that invest only in government securities of different maturities. They offer lower returns as the credit risk is virtually absent and there are no chances of government defaulting on its payment obligaitons. This effectiviely reduces the yield on them. |
|
Growth scheme |
A scheme where investments are made in equity and convertible debentures. They normally aim to provide capital appreciation over a period of time. |
|
Guaranteed Returns |
The return assured by the mutual funds as a minimum return in certain income plans. The launch of plans offering guaranteed returns is now subject to certain restrictions imposed by the SEBI. |