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Terms |
Description |
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Pay-out |
Pay-out day is the designated day on which securities and funds are paid out to the members by the clearing house of the Exchange. |
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Premium |
When the market price of a unit is more than the NAV it is said to be trading at a premium. |
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Public Sector Undertakings (PSU) bonds |
PSU Bonds are medium and long term obligations issued by public sector companies where the government share-holding is generally greater than 51% or more. Some of the PSU bonds carry tax exemptions also. Minimum maturity is 5 years for taxable bonds and 7 |
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Purchase Price or Offering Price |
The price at which a mutual fund's units can be purchased. The asked or offering price means the current net asset value per unit plus sales charge, if any. |
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Performance |
Performance of an investment indicates the returns from an investment. The returns can come by way of income distributions as well as appreciation in the value of the investment. |
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Portfolio |
It refers to the total investment holdings of the fund. |
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Portfolio Churning |
It refers to the changes made to the portfolio keeping in view the market conditions. It includes both buying and selling of holdings and is aimed at giving a better yield to the investor. |
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Portfolio Managers |
Also known as the Fund Managers, they are the specialists employed by Mutual Fund/AMC to invest the pool of money in accordance with the fund's investment objectives. |
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Prospectus |
An offer document by which a mutual fund invites the public for subscribing to the units of a scheme. This document contains information about the scheme and the AMC so as to enable a prospective investor make an informed decision. |