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Terms |
Description |
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Total Assets Under Management |
The market value of the total investments of a fund as on a particular date |
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Total Return |
Return on an investment, taking into account capital appreciation, dividends or interest, and individual tax considerations adjusted for present value and expressed on an annualised basis. |
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Trust |
A legal arrangement under which property and assets may be held and managed for the benefit of another person. Mutual funds in India are registered under the Trusts Act. |
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Trustee |
A person or a group of persons having an overall supervisory authority over the fund managers. They ensure that the managers keep to the trust deed, that the unit prices are calculated correctly and the assets of the funds are held safely. |
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Turnover |
The extent to which the fund's portfolio is turned over during the course of a year. High turnover results in greater investment expenses and therefore in an erosion of the value of share assets. |
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Turnover Rate |
A measure of the fund's trading activity calculated by dividing total purchases or sales of portfolio securities (whichever is lower) by the fund's net assets over a period of time. |