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Terms |
Description |
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Objective Of Investment |
The purpose statement consisting of the goal and the avenues of investment released by the fund. |
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Offer Document or Prospectus |
It is the official document issued by mutual funds prior to the launch of a fund describing the characteristics of the proposed fund to all its prospective investors. It contains information required by SEBI pertaining to issues such as investment objective and policies, services, and fees. |
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Offering period |
The period during which the initial offer to subscribe for the units of a scheme is open. |
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Open-Ended Fund |
Funds that do not have any fixed maturity and are continuosly open for subscription and redemption. The key features is liquidity. One can conveniently buy and sell the units held at the NAV related price. |
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Opening NAV |
The NAV disclosed by the fund for the first time after the closure of an IPO. |
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Offshore Funds |
The funds set up abroad to channelise foreign investments in the Indian capital markets. |
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Open |
A time period in the trading day for the different markets that the exchange deals in. Order entry, matching, inquiries and other functions at the workstation will be allowed during this period. |
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Open-End Scheme |
Scheme of a mutual fund where purchase or sale of units is allowed on a continued basis. |
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Optional Distribution |
Payments (distributions) are from either income or capital gains. The unitholder of the fund may choose to take both, either, or none, in cash or additional units. |
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Opportunity Risk |
The risk that a better opportunity may present itself after you have already committed your money elsewhere. |