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Terms |
Description |
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Launch Date |
The date on which a scheme is first made open to the public for subscription |
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Liquid Funds /Money Market Funds |
Funds investing only in short-term money market instruments including treasury bills, commercial paper and certificates of deposit. The objective is to provide liquidity and preserve the capital. Due to the low degree of risks available, they generally provide lower returns than other avenues. |
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Liquidity |
The cash and cash equivalent assets available with a fund to meet expenses and immediate redemption requirements of the investors. It refers to the ability to buy or sell an asset quickly or the ability to convert to cash quickly. |
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Load |
A charge that may be levied as a percentage of NAV at the time of entry into the Schemes or at the time of exiting from the Schemes. |
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Lock In Period |
The period after investment in fresh units during which the investor cannot redeem the units. It is normally a key feature of Tax schemes. |