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Terms |
Description |
|
Unit |
A Unit represents one undivided share in the assets of the Schemes. |
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Unit Trust |
A special type of fund, usually a bond fund, that has a fixed portfolio, shares or "units" are sold when the fund is formed, and the portfolio remains fixed until the maturity of the underlying securities. |
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Unitholder |
A person who holds Unit(s) under a Mutual Fund. |