|
Terms |
Description |
|
RBI/ Reserve Bank of India |
Reserve Bank of India, established under the Reserve Bank of India Act, 1934, is the Central Bank in India. |
|
Rating |
The rating is a symbolic indicator of the current opinion of the relative capability and timely servicing of debts and obligations. Ratings are based on an objective analysis of the information. The rating could be done in respect of the creditworthiness of debt instruments, risk of loss in an investment or the performance of an investment. |
|
Record Date |
The date by which mutual fund holders are registered as unit owners to receive any future dividend or capital gains distribution. |
|
Redemption Of Units |
Buying back/cancellation of the units by a fund on an on-going basis or on maturity of a scheme. The investor is paid a consideration linked to the NAV of the scheme. |
|
Registrar or Transfer Agent |
The institution that maintains a registry of unitholders of a fund and their unit ownership. Normally the registrar also distributes dividends and provides periodic statements to unitholders. |
|
Repurchase |
Buying back/ cancellation of the units by a fund on an ongoing basis or for a specified period or on maturity of a scheme. The investor is paid a consideration linked to the NAV of the scheme |
|
Repurchase Date /Period |
In the case of close-ended schemes, the specified date on which or period during which the investor can redeem units held by him in the scheme before the maturity of the scheme. |
|
Repurchase price |
The price of a unit (net of exit load) that the fund offers the investor to redeem his investment. |
|
Right of Accumulation |
Right provided to the unitholder of reduced sales charge on the units purchased if the total number of the units bought over a period of time exceeds a certain pre-determined amount. |
|
Recurring Investment Facility |
An arrangement provided by the fund management whereby regular purchases of small or large numbers of units may be allowed. The plan sometimes also provides for automatic reinvestment of income dividends and capital gains distribution. |
|
Recurring Withdrawal Facility |
The arrangement that the fund provides whereby shareholders can receive periodic payments in a specified amount. These amounts may be more or less than the income of the fund. |
|
Redemption fee |
A kind of sales charge, also referred to as a back-end load, imposed when an investor redeems, or sells back units of the fund. |
|
Redemption Price |
The price at which open-ended schemes repurchase their units and close-ended schems redeem their units on maturity. Such prices are NAV related. |
|
Registrar or Transfer Agent |
Firm responsible for maintaining register of unit holders or shareholders. |
|
Risk-Free |
Absence of credit risk in a security. Usually Government or Government guaranteed securities are only considered to be risk free. |
|
Risk Adjusted Returns |
The expected returns from an investment depend upon the risk involved in the investment. For the purpose of comparing returns from investments involving varying levels of risk, the returns are adjusted for the level of risk before comparison. Such returns (reduced for the level of risk involved) are called risk-adjusted returns. |