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Terms |
Description |
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Net asset value (NAV) |
The value of fund's portfolio at market value less current liabilities divided by the number of units outstanding. Net asset value is normally computed daily or weekly and can be found in the financial section of the daily newspaper. |
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Nifty |
An index of prices of a group of fifty stocks listed on the NSE. |
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No-Load Mutual Fund or No-Load Scheme |
It refers to the fund that does not charge any load for buying or selling its units. |
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Nominee |
The person(s) to whom the assets should be distributed upon the death of the account holder. |
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Non Performing Investments |
Part of the portfolio investment of a debt fund which is not making interest payment or principal amount repayments in time. SEBI has now evolved a valuation mechanism for assessing them. |